Address
4578 E 131st Street, Garfield Heights, OH
Price
$ 879,900
Property Attributes
- MLS#5222720
- TypeSingle Family
- Listing Status Active
- CountyCuyahoga
- CityGarfield Heights
- Zip44105
- Style
- Year Built1962
- Taxes$ 18145
- Price$ 879,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.3671 Acres
Data Source:
MLSNow
Property Description
100% occupied, cash flowing 12 unit complex with value-add upside! This newly updated 12 unit deal is perfect for the investor looking for solid, stable cash flow day 1, while still having easy value-add upside available through basic cosmetic updates and organic rent bumps! Currently 100% occupied, grossing $10,740 in rent per month, an investor will walk into nearly a 9.5% cap rate AS IS. Proforma, a savvy buyer will easily achieve $12,500+ per month in gross rent, with the ability to implement parking fees and on-site coin operated laundry for additional income! The unit mix is ideal - boasting (8) two bedroom units and (4) one bedroom units. (6) of the (12) total units have been totally remodeled including updated kitchens with granite countertops and new appliances, updated flooring including vinyl plank and new carpet, updated bathrooms with tiled shower surrounds and new vanities, as well as updated lighting throughout and completely refreshed common areas. In addition, there are a number of new furnaces and wall unit AC's that have been installed, as well as a new parking lot, painted and refreshed garages, two completely new roofs installed in 2025, new carpet, paint and lighting in the hallways, and new exterior entry doors, and new common how water tanks! Tenants are responsible for gas and electricity, while the owner pays water/sewer/trash and common area electricity and gas. A number of tenants are currently month to month as well, allowing a buyer to quickly start implementing their business plan.
| Price History | |
|---|---|
| 6/26/2026 | Listed $879,900 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | ForcedAir |
| Cooling | WallUnits |
| Possession | DeliveryOfDeed |
| Roof | Asphalt,Fiberglass,Other |
| Year Built | 1962 |
| Township | Garfield Heights |
| Property Subtype | Apartment |
| Tax Year | 2025 |
| County | Cuyahoga |
| Property Type | CommercialSale |
| Attached Garage | false |
| Status | Active |
| Directions | Garfield Heights area |
| ModificationTimestamp | 2026-06-29T11:38:32.007-00:00 |
| City | Garfield Heights |
| High School District | Cleveland Municipal - 1809 |
| Lot Size Units | Acres |
| Tax Annual Amount | 18145 |
| Living Area Units | SquareFeet |
| Standard Status | Active |
| Middle/Junior School District | Cleveland Municipal - 1809 |
| Elementary School District | Cleveland Municipal - 1809 |
| Year Built Source | PublicRecords |
| Total Actual Rent | 6145 |
| Property Sub Type Additional | Apartment |
| PostalCity | GARFIELD HEIGHTS |
| Legal Description | 477 CRANPK#2 S/L 322&321ALL 0323 ALL 54635100 TO54635102 |
Interior Features
| Basement | None |
|---|---|
| Total Stories | 3 |
| Basement (Y/N) | false |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
Exterior Features
| Parking Features | Assigned,Paved |
|---|---|
| Water Source | Public |
| Total Parking | 18 |
| Lot Size Area | 0.3671 |
| Number of Buildings | 2 |
| Lot Size Acres | 0.3671 |
| Lot Size Source | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 44105
Price
Taxes
Year Built
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