7507 Lawnview Avenue
Property Description
Discover an exceptional value-add investment opportunity at 7507 Lawnview Avenue! This four-unit property features a desirable side-by-side, townhome-style layout, giving residents added privacy and the feel of a single-family home. Each spacious unit offers 3 bedrooms, 1 full bathroom, two levels of living space, a private basement, and separate front and rear entrances. Two units are currently generating income: Unit 4 rents for $1,640 per month through Section 8, and Unit 3 rents for $1,100 CASH per month. The two vacant units allow the next owner to complete improvements, place tenants at market rent, and quickly increase cash flow. With estimated market rents of $1,600+ per unit, the property offers potential gross rental income exceeding $6,000 per month when fully improved and occupied. This is an outstanding opportunity to acquire a high-upside multifamily asset, increase rents, build equity, and create a true cash-flow powerhouse in a high investment and new construction area.
Broker Details
Keller Williams Citywide (440) 892-2211
MLS ID: 2020004747 State License Number: 2020004747
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $375,000 |
| Year Built: | 1910 |
| Lot Size: | 5,624.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 4 |
ID: 3yd-NEOHREXOH-5245178
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