6202 HEISLEY AVE

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6202 HEISLEY AVE

CLEVELAND, OH 44105
Asking Price
$310K
Asset Type
Multifamily
Class
Class B

What's Special

6202 Heisley Avenue is situated in the Broadway-Slavic Village neighborhood of Cleveland, Ohio. The property is positioned within a residential pocket characterized by historical architecture and a grid-based street layout. Residents have access to local amenities along Fleet Avenue, including small businesses, neighborhood parks, and community centers. The location is approximately five miles southeast of Downtown Cleveland, providing proximity to major employment hubs. Nearby interstate access and public transit via the Greater Cleveland Regional Transit Authority link the neighborhood to the broader metropolitan area and retail corridors. This multifamily asset is suited for rental housing, serving a tenant profile of local workforce professionals and families seeking proximity to the city center. Given the area's layout, the property is appropriate for long-term residential leasing. The typical occupant often includes individuals employed in the surrounding service, healthcare, or industrial sectors who prioritize transit accessibility and established community environments. The property offers a functional site for investors focused on localized residential management within a stabilized urban submarket.

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NOI
$80,000
Cap Rate
25.81%
DSCR
4.35
Strong
Cash-on-Cash
66.26%
Monthly Payment
$1,533.216
Annual Cash Flow
$61,601.407

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