640 E 162nd St

This 8-unit multifamily property offers immediate cash flow with substantial upside through lease-up and rent optimization. Current rents are well below market and Section 8 levels, providing investors with a straightforward value-add strategy to significantly increase NOI and overall property value. With strong in-place financials, a projected 16%+ pro forma cap rate, and approximately $100,000 in potential equity creation after light renovations, this asset is an excellent opportunity for investors seeking stable income and long-term appreciation in Cleveland's growing rental market.