OH > Cleveland > Diodate Clarks
Cleveland, OH 44102,5711 Clark AVE
Cleveland, OH 44102,5711 Clark AVE
Cleveland, OH 44102,5711 Clark AVE
Cleveland, OH 44102,5711 Clark AVE
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Tom Garuccio

Tom Garuccio

$ 400,000
Est. payment | /mo

7,522 Sqft Lot

Save
$ 400,000
Est. payment | /mo
Save

7,522 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Diodate Clarks

MLS Listing ID 5126734

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1910

Annual Tax Amount $5,254

Tax Year 2024

Lot Size 7,522 Sqft

Acres 0.1727

Property Sub-Type Apartment

Property Description

Turnkey 5-Unit Apartment Building! This fully occupied, lead-certified 5-unit multifamily property delivers a strong 9.9% cap rate and consistent cash flow from day one. Four of the five units have been completely renovated, and several are subsidized or Section 8 eligible, offering reliable rent payments and smooth inspection compliance. Each unit includes assigned parking, ensuring ease of access for tenants. An unfinished attic presents the opportunity to add a 6th unit, further increasing ROI. Ideally located directly across from the newly constructed Clark School and Clark Recreation Center, this asset benefits from continued neighborhood growth and rising rental demand. A rare combination of strong current returns, low maintenance, and clear upside—perfect for investors looking to scale their portfolio with a high-performing, future-ready asset.

Location

State OH

County Cuyahoga

Rooms

Basement Common Basement

Interior

Heating Forced Air

Cooling None

Fireplace No

Laundry Coin-operated

Exterior

Parking Features Driveway, Garage

Water Access Desc Public

Roof Type Asphalt

Present Use Multi-Family

Total Parking Spaces 5

Building

Foundation Basement

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 016-11-022

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Sabrina R Semidey • Realuxe Ohio • sabrina@nexstephomes.com 216-903-7710
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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5711 Clark AVE