5806 Fleet AvenueCleveland, OH 44105

Property Description

**Property has had a pipe freeze and burst in one of the lower units. Seller is motivated to sell quickly and willing to offering concessions. Located in the heart of the Fleet Avenue corridor, 5806 Fleet Ave presents a unique mixed-use investment opportunity with a combination of residential and commercial space in a high-demand rental area. The property features (4) total units ? including a 3-bedroom, 2-bedroom, 1-bedroom, and an office unit ? offering flexible income potential and diverse tenant appeal. Positioned along a well-traveled retail strip, the property benefits from strong visibility, easy access to public transit, and proximity to neighborhood employers and amenities. With both residential and commercial rental demand remaining strong, this asset provides an excellent balance of cash flow stability and value-add upside through light renovation and rent optimization. This property is being sold as part of a 4-property Cleveland investment package, which includes a mix of fully occupied and value-add assets. The seller has completed inspections on all four properties, and the list price reflects renovation costs across the portfolio ? offering investors projected cap rates between 812% based on 7590% of HUD Fair Market Rents. Property Highlights: (4) Total Units 3BD, 2BD, 1BD, and Office Space Mixed-Use Setup Residential + Commercial Potential Located in the Active Fleet Ave Retail Corridor Value-Add Opportunity Cosmetic & Rent Upside Part of a 4-Property Package Deal | 812% Pro Forma Cap Range Seller-Motivated | Inspections Completed on All Properties Perfect for investors seeking a diversified, income-generating asset with built-in upside and inclusion in a performing multi-property Cleveland portfolio.

Property Features

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