3272 Fulton RoadCleveland, OH 44109

3272 Fulton RoadCleveland, OH 44109

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$399,900 Pending
Multi Unit - Multiple MLS 5218450 Pending
8 beds 4 full baths 4,189 sqft

Listed By

Agency Name: Howard Hanna
Agency Contact: billyseder@howardhanna.com, 216-215-0000

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Turn-Key Cash-Flowing 4-Unit Investment Opportunity! Don't miss this rare opportunity to own a fully renovated four-unit multifamily property generating exceptional income from day one. Each spacious unit features 2 bedrooms, 1 bathroom, and its own private laundry room?a highly desirable amenity for tenants. With projected rents of approximately $1,250 per month per unit, this property offers up to $5,000 in monthly gross rental income. This building has been completely updated from top to bottom, providing true turn-key ownership and minimal maintenance concerns for years to come. Major improvements include all-new plumbing, electrical, HVAC systems, furnaces, kitchens, and a freshly poured driveway. There isn't a corner of this property that hasn't been thoughtfully renovated. Investors will appreciate the exceptional cash-flow potential, with rents supporting performance well above the coveted 1% rule. Adding to the strong financials are incredibly low property taxes of just $2,145 per year, helping maximize your net operating income and overall return on investment. Ideally located just minutes from Downtown Cleveland, Cleveland Clinic, and Lake Erie, the property offers convenient access to major employers, world-class healthcare, dining, entertainment, and recreation?making it highly attractive to prospective tenants. Whether you're a seasoned investor looking to expand your portfolio or a first-time multifamily buyer seeking a high-performing asset, this property check Listed to sell quickly?schedule your showing today and start generating returns from day one!

3272 Fulton Road | MLS# 5218450

This multi-family property located at 3272 Fulton Road, Cleveland, OH 44109 is currently listed for sale with an asking price of $399,900. Fulton Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 536austindriveunitf.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Days on Market: 15
Heating: Forced Air
Lot Size: 0.09 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,046 / year
Year Built: 1905

Feature Descriptions

Exterior: Vinyl Siding
Parcel#: 015-03-031
Parking: Driveway
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3272 Fulton Road, Cleveland, OH 44109
Fips
Fips Code 39035
Population
2020 to 2025 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2025 Estimate (V2025) 1,232,925
2020 Estimate (V2025) 1,264,775
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.1%
18 to 64 54.2%
65 and Older 20.5%
Gender
Male 48.0%
Female 52.0%
Place of Birth
Foreign 7.7%
US 92.3%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 36.5%
Computer and Internet use
Households with a computer 94.0%
Households with a broadband Internet subscription 89.5%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 54,264
Income
Per Capita Income $42,747
Median Household Income $64,468
People in Poverty 14.9%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 554,551
Average Household Size 2.20
Owner-Occupied 59.4%
Multi-Family 34.9%
Owner-Occupied Median Value $195,400
Median selected monthly owner costs -with a mortgage $1,570
Median selected monthly owner costs -without a mortgage $671
Median gross rent $1,060
Building Permits
New Private Housing Issued 2024 1,685
Years at Residence
1 Year or More 86.7%
Less Than 1 Year 13.3%
Business and Employment
Private non-farm Establishments 31,496
Private non-farm Employment 681,543
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 110,977
Number of Firms 23,160
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,335.62 per month $2,048.48 Principal & Interest $170.50 Property Tax $116.64 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage