Well maintained, cash flowing duplex in Shaker Heights. Lower unit is occupied with a long term tenant who is now on month to month terms. Rent is $900/month, though market rents appear to be $1,100/month. The upper unit was vacated at the send of September by a tenant who had previously lived there for several years. Last rent amount was $1,100/month, though market rents should be $1,500 or more. Upper unit consists of the second floor and the fully finished third floor, with 4 bedrooms and 2 full bathrooms. There's approximately ~500 square feet of living space not reflected in public records. The property has a list of POS violations, which are fairly numerous but mostly minor repairs to make. Sellers prefer offers that assume outstanding POS violations but will entertain otherwise strong offers which require POS compliance before title transfer. No wholesalers. Offers with assignment clauses will be rejected. Click virtual tour or email broker for a video walk through of the property.
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