Located near the Agora and Cleveland Clinic main campus, This property is ready for tenants of your choosing. Cash flow is strong with market rents at or above $1800/mo total. previously rented at $850 & $800. The upstairs unit is 2 stories with 4 bedrooms and 1 bath. The lower unit has private access to the basement which makes both units feel like a townhome style. Updates include new furnaces, new hot water tanks, new carpet, paint, trim and a new roof, making all your big capx items already completely. Current taxes are only $769/ year! Assuming 8% property management, 5% maintenance and $700/year in insurance, your estimated NET income is over $15k/year offering the buyer a 17% cap rate. If you're looking for cash flow- this is it. Seller also has another duplex for sale & Will offer package pricing! Showings after submitted offer with supporting pof only.
Ready for your next investment? Ready for your first? Do you love to roll up your sleeves and take a challenge? Well start or build your portfolio with THIS investment opportunity on Cleveland's east side. Two houses on one lot! Enjoy immediate income with this professionally managed property. Rear house is not currently occupied and needs work (including but not limited to roof, interior cosmetics, plaster/drywall repair/replace, bath/kitchen fixtures, some mechanicals). Both houses feature two units each for a total of four units. Call your favorite agent and consider this property today!
Berkshire Hathaway HomeServices Kathy Reid Realty
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