Description
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.
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4BEDS
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0.1ACRES
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2BATHS
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21/2 BATHS
Listing information © 2024 YES-MLS.
Description
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.
Listing information © 2024 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Keller Williams Chervenic Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-10-08T18:07:48.977.