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Five unit multi-family commercial property for sale in Kamm's Corners - $380,000 (Kamm's corners)
17003 Albers Ave near Lorain
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17003 Albers Ave Cleveland OH 44111
💲 Price: $380k
🏘 5 Units all 1 bed 1 baths
💰 Gross Income: $4,665/month
Landlord pays utilities accept cable
No seller financing
Price is firm
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✅ Turnkey and Value add
✅ Excellent 15%+ gross income increase with rent increases
✅ Solid structure, low operating costs (roof, water heater, boiler and vinyl siding less than 3 years old)
✅ Ideal for portfolio growth, or passive income seekers.
4,665−325 insurance −600 utilities - 500 tax=3,240/month in your pocket. All under one roof.
Here's a great opportunity to add a solid multi-unit property to your portfolio, right in the heart of Kamm's Corner. Each unit comes equipped with ceiling fans and window ac units for cooling. Bedrooms and living rooms with carpet for added warmth. The kitchen and bathrooms offer plank style flooring, with several featuring full ceramic tile finishes. The exterior is finished in newer vinyl siding.
Located on the near Westside in downtown Kamm's Corners within walking distance to Fairview hospital, the Metroparks, coffee shops, restaurants, breweries and bars. Plenty of transportation options with e bikes/scooters and RTA routes all around. Investors are welcome as this is an excellent opportunity to expand your portfolio in a premium neighborhood.
$825 May 2027 been there 9yrs
$575 been there 11yrs staying month to month
$1165 June 2027
$1000 Oct 2026 been there > 1yr
$1100 Dec 2026 been there > 1yr
$4650
I bought the property in January 2025 from a sick family friend. The rents were all well under market value so I spent last year getting some new tenants, fixing up some things and increasing rents in three of the five units. The other two units the tenants have been there for a long time and are paying under market rent rates.