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$199,000
Est. payment /mo
5 Beds
3 Baths
4,800 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5164184
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1927
Annual Tax Amount $5,288
Tax Year 2024
Lot Size 4,800 Sqft
Acres 0.1102
Property Sub-Type Duplex
Property Description
Incredible investment opportunity on Cleveland's west side—perfect for both new and seasoned investors! This well-located duplex in the West Boulevard area generates $2,125 per month in gross rental income. The first-floor unit features two bedrooms and one bathroom and is leased for $1,075 per month through December 31, 2025. The second-floor unit also includes two bedrooms and one bathroom, leased for $1,050 per month through September 30, 2026.
Additionally, the property has a third-floor efficiency with a bedroom, full bathroom, and kitchenette, currently vacant. The seller does not warrant that this unit can be legally rented, but there may be potential to rezone the property as a triplex or reconfigure the upper unit into a three-bedroom, two-bath layout to increase cash flow.
Tenants are responsible for their own gas and electricity, while the owner pays for water and sewer. This is an excellent opportunity to acquire a strong income-producing property with upside potential in one of Cleveland's fastest-growing west-side neighborhoods
Additionally, the property has a third-floor efficiency with a bedroom, full bathroom, and kitchenette, currently vacant. The seller does not warrant that this unit can be legally rented, but there may be potential to rezone the property as a triplex or reconfigure the upper unit into a three-bedroom, two-bath layout to increase cash flow.
Tenants are responsible for their own gas and electricity, while the owner pays for water and sewer. This is an excellent opportunity to acquire a strong income-producing property with upside potential in one of Cleveland's fastest-growing west-side neighborhoods
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 018-07-022
Special Listing Condition Standard
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Listed by Patrick Drury • REAFCO • patrick@reafco.com, 614-412-4565
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