TURN KEY CASH FLOW and a 14%+ cap rate! ADD IRA and portfolio value with this rehabbed (late 2022) and fully occupied Cleveland, Ohio duplex. Down unit is Section 8 (CMHA) and rents at $927.00 per month. Up unit is $850.00 (cash tenant) wth the opportunity for an increase in the rental rate at lease renewal. Separate furnaces, water heaters, electricty and gas to each unit. Up unit furnace overhauled in 2022, down unit furnace has a manufacture date of 2001 and are in working condition. Lead Certification in place as of January 2023. The Property has an unfinished attic for value-add opportunity.
Traditional 4x2 duplex. New roof. Vinyl sided. Updated electrical & 1 newer HWT. Mostly vinyl windows & glass block in the basement. Paved driveway for easy upkeep. Build portfolio value with this large, fully occupied duplex! Features 2 units each with living room, dining room, kitchen, 2 bedrooms, 1 bath, hardwood floors and covered front porch. Down unit rents for $712 /month and up unit for $690/month. Property has shared basement, off street parking and unfinished attic which offers value-add opportunity! Professional property management, with dedicated departments for maintenance, resident communication, city liaison, marketing and more. Don't miss adding a solid multi-family to your portfolio! Reach out to learn more today! No Seller financing.
Excellent location just minutes away from Pinecrest, Legacy Village, various restaurants, Beachwood Mall, and a mere 20-minute drive from both Cleveland Hopkins Airport and downtown Cleveland! This exceptional investment opportunity presents a 3-4 unit multifamily property nestled on a triple lot. Situated in the heart of the action, this income-generating residence has undergone extensive remodeling, both inside and out. The first floor boasts a two-bedroom apartment featuring a generously-sized family room, a spacious eat-in kitchen, a dining room, a sunroom, and a beautifully remodeled full bathroom. Additionally, the other side of the first floor offers a one-bedroom apartment complete with its own full bathroom, bedroom, and kitchen. Towards the rear of the property lies a studio apartment with a remodeled kitchen and bathroom. A unique feature of the property is a separate staircase leading to a six-bedroom rental suite, designed for individual leasing. These bedrooms share access to a remodeled kitchen and full bathroom, making it ideal for tenants commuting to Thistledown Horse Track, conveniently located just three minutes away. Throughout the years, numerous updates have been implemented, including a new roof, vinyl siding, gutters, vinyl windows, boiler, updated kitchen appliances, remodeled bathrooms and kitchens, refinished hardwood floors, luxury vinyl flooring, carpeting, and seal-coated driveway/parking area. This property presents an exceptional opportunity for investors seeking a prime location with significant income potential.
This vacant, rent ready duplex is fully functional, updated and waiting for you! As you enter the front door of both units, you will walk into the spacious living room with a fireplace and recess lighting. The formal dining room gives lots of natural light with space to enjoy plenty of family and/or friends. Enjoy the updated kitchen with new floors, countertops, backsplash, and a modern sink. Updates throughout the units including an advanced front door lock system (It's use is optional). Become an owner occupant and rent the other unit or place tenants in both units! Previous tenant paid $875 per month. Section 8 will pay $1,000 per unit. Selling AS-IS. Will consider all offers!
FOR SALE! Beautiful UP and Down duplex, completely remodeled/renovated! Both up and down units offer nice sized kitchen, dining room with built-in storage/cabinets, 2 bedrooms, one full bath, private porch and entrances and large oversized living room with fireplace and window wall! Updates include, full renovation from studs to its current state! Newer floors, drywall, paint, fixtures, glassblock windows in basement, Kitchen cabinets/floors/ceiling fans/backsplash, all ceilings redone, recessed lighting in living room, ceiling fans, fully renovated bathrooms, flooring in stairwell, updated plumbing/pex, updated electrical panels, and connective ductwork! Buyer to put their own furnaces and hot water tanks! Some work to the property still needed! SELLING AS IS! Agents: Please read private remarks! Please see supplements. Priced to Sell- NO SELLER FINANCING! Close to parks, restaurants, shopping, hospitals, freeway access and more- minutes from downtown! Hurry, this will not last long!
The median home value in Cleveland, OH is $54,200. This is lower than the county median home value of $123,800. The national median home value is $219,700. The average price of homes sold in Cleveland, OH is $54,200. Approximately 33.25% of Cleveland homes are owned, compared to 46.27% rented, while 20.48% are vacant. Cleveland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cleveland real estate agent to arrange a tour today!
Cleveland, Ohio 44128 has a population of 388,812. Cleveland 44128 is less family-centric than the surrounding county with 14.94% of the households containing married families with children. The county average for households married with children is 24.44%.
The median household income in Cleveland, Ohio 44128 is $27,854. The median household income for the surrounding county is $46,720 compared to the national median of $57,652. The median age of people living in Cleveland 44128 is 35.8 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 23.2 degrees. The average rainfall is approximately 39.6 inches per year, with 66.3 inches of snow per year.