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Property Description

We appraised. We were ready to close and the buyer just disappeared. After 30 days of waiting, his loss is now your gain. This High-yield, turnkey 4-unit property at 6729 Forman Ave was fully renovated less than two years ago with new LVP flooring, modern kitchens and baths, updated mechanicals, and a 2-car garage. This asset is cash flowing now at $2,434/month. Section 8 offers $1129 for 2 bed units in this area, driving the proforma to over $4,400+/month. Expenses run around 40%, keeping your net returns strong, and once fully leased the property projects a cap rate near 20%—rare in today’s market. One vacant unit allows for immediate value-add, without capital investment—simply lease it up and raise rents to market. This brings immediate NOI to @25k/year or a 10.6% cap rate. Mechanicals and electric panels are all less than 2 years old! Tenants pay gas & electric. Recent neighborhood sales at 3893 E 57th ($87,500/unit) and 3620 E 59th ($90,000/unit) show the real upside here. Located in a stable Cleveland neighborhood near employers, transit, shopping, and schools—easy to attract and retain quality tenants. Turnkey, low-maintenance, high yield, and poised for fast appreciation. Opportunities like this don’t last—contact us today for details and a tour.

Features
: Forced Air
: No
: Driveway, Garage, Detached
Address Map
OH
Cuyahoga
Cleveland
44105
Forman
6729
Avenue
W82° 21' 30.4''
N41° 27' 32.3''
Property Details
Active
Keller Williams Living
Erin Thomas
2019005940
9181
132-07-080
: Asphalt, Fiberglass
: Public Sewer
2
: Aluminum Siding
: Public
$3,996
20/06/2025 13:17:30
No
No
No
No

6729 Forman Avenue, Cleveland, Ohio 44105

Residential Income For Sale

4 Bathrooms
0.12 Sqft
$235,000
Listing ID #5129112
Basic Details
Property Type : Residential Income
Property Sub Type : Quadruplex
Levels : Two
Listing Type : For Sale
Listing ID : 5129112
Price : $235,000
Bathrooms : 4
Year Built : 1910
Lot Area : 0.12 Sqft
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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