Check out this 5 bedroom duplex in the heart of Cleveland that far surpasses the 1% rule with current total rents at $1800 per month. This property had many updates completed and is ready for the next owner to take over a cashflowing asset. Some of those updates include: Two new hot water tanks, Newer roof, New furnaces, and New Gutters. In addition to most of the larger-ticket items being taken care of, the seller also already cosmetically improved all units for the next owner to be able to maximize their returns with proforma monthly rents through section 8 at $2370 total per month. Appliances are landlord owned and transfer with the sale. The county auditor's website states that there are 4 bedrooms but the owner states that there are 5 bedrooms. A current living room in the bottom unit could easily be converted into another bedroom in order to maximize returns and turn this into a 6 bed duplex!
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