14520 Milverton Road, Cleveland, OH 44120

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$940,000

bedrooms

bathrooms

square feet

Acreage

0.292

Open Houses

year built

1958

Full Baths

Half Baths

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Incredible opportunity to acquire this 18-unit multifamily property boasting over 90% occupancy and numerous recent updates! Priced at an attractive cap rate of over 8% based on current financials, this asset offers immediate strong returns with the potential to exceed an 11% cap rate through a simple value-add strategy—just bump rents upon lease renewals. The building features 12 spacious one-bedroom units and six two-bedroom units, all with open floor plans and plenty of on-site parking for residents! Tenants cover their own electric via baseboard heating, while ownership is only responsible for water, sewer, and common area electric. This is a low-maintenance, easy-to-stabilize investment with solid cash-on-cash returns and a great price per door—perfect for investors seeking upside with minimal effort.

Location
Subdivision	A C Spears Sub #3
County	Cuyahoga
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 5115330

Listing agent: Tal Tamir #2018001908

Listing broker: Russell Real Estate Services (440) 268-9491

Last update: Monday, April 28 2025 at 3:41 p.m. EDT

Kotohomes National