Property
Beds
6
Full Baths
3
1/2 Baths
None
Year Built
1914
Sq.Footage
2,100
Turnkey cash-flowing 3-unit investment opportunity in Cleveland featuring two properties on one lot. The front building is a fully renovated duplex (2023) with both units occupied by reliable tenants, including Section 8 income for added stability. The upstairs unit rents for $1,170/month with a lease through March 2027, while the downstairs unit generates $1,310/month ($921 tenant + $389 Section 8) with a lease through April 2028. The rear single-family home is in good condition and rents for $900/month with a lease in place through 2028. Both the duplex and single-family home have newer furnaces and hot water tanks, minimizing near-term capital expenses. The property produces $3,380/month ($40,560 annually) in gross rental income and offers immediate cash flow with long-term tenants already in place. This is a low-maintenance, stabilized asset ideal for investors seeking consistent returns. Property is being sold as a package with a cash flowing duplex at1222 E 172nd St, Cleveland, OH 44119.
Features & Amenities
Interior
-
Total Bedrooms
6
-
Bathrooms
3
-
Above Grade Finished Area
2100.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Parking
No Garage, Paved
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1414
-
Property Type
Residential Income
-
Property Sub Type
Triplex
Price
-
Sales Price
$289,997
-
Tax Amount
$5,268
-
Sq. Footage
2, 100
-
Price/SqFt
$138
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
High School
Listing Courtesy of Nicholas J Huscroft , Chosen Real Estate Group
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AGENT
Keith Vanke
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