15410 Waterloo RdCleveland, OH 44110

This exceptional investment opportunity presents a five-unit apartment building located at 15410 Waterloo Rd, Cleveland, OH 44110, in the revitalizing Waterloo District of North Collinwood. Built in 1902, this solid brick structure sits on a 0.22-acre lot and offers a compelling 7.00% cap rate. Each of the five units boasts two bedrooms and one full bathroom, configured as attached townhomes, each with its own basement. Currently fully occupied, this property provides immediate cash flow with significant upside potential. The spacious rear area includes parking and additional outdoor space. This property is being sold as a package with a second, nearby five-unit building at 15300 Waterloo Rd (sold separately). The asking price for this property is $350,000. This presents a rare chance to acquire a well-located, cash-flowing multifamily asset in a rapidly improving neighborhood. The existing rental income provides a strong foundation for immediate returns, while the potential for rental improvements offers a clear path to increased profitability. The property's solid construction and desirable features make it an attractive investment for both seasoned and new investors seeking a strong return on investment in the Cleveland market.