3 Beds
2 Baths
1,455 SqFt
3 Beds
2 Baths
1,455 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,455 sqft
Price per Sqft $113
Subdivision Lorain Gardens
MLS Listing ID 5232002
Bedrooms 3
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,455
Year Built 1925
Annual Tax Amount $2,566
Tax Year 2025
Lot Size 5,601 Sqft
Acres 0.1286
Property Sub-Type Duplex
Property Description
The property is fully tenant occupied, generating immediate rental income. The lower unit rents for $1,050 per month with a lease in place through 02/28/2027, while the upper unit rents for $680 per month with a lease through 08/31/2026, providing reliable cash flow from day one.
Additional improvements include younger furnaces, updated ductwork, younger water heaters, durable vinyl siding, and a combination of hardwood and luxury vinyl plank flooring throughout, helping minimize future maintenance while enhancing tenant appeal. With instant equity, stable occupancy, and strong income potential, this duplex is a smart investment for both seasoned and first-time investors.
Conveniently located in Cleveland with easy access to I-71 and I-90, the property is close to major roads, public transportation, shopping, restaurants, schools, parks, and all the everyday amenities tenants are looking for!
Professional management in place and willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services available for remote investors!
Whether you're looking to grow your rental portfolio or secure a property with immediate cash flow and long-term appreciation potential, this duplex is an opportunity you won't want to miss. Schedule your showing!
No wholesalers. No Seller financing. No low ball offers.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 022-02-045
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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Agent | Lic# 417325