UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,658 sqft
Price per Sqft $103
Subdivision Roman & Frances Stengers
MLS Listing ID 5204169
Bedrooms 8
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,658
Year Built 1910
Annual Tax Amount $920
Tax Year 2025
Lot Size 3,998 Sqft
Acres 0.0918
Property Sub-Type Duplex
Property Description
One unit is already occupied (tenant in place for over 20 years rent $1558 m-t-m lease), providing steady rental income from day one, while the second unit has been updated and is move-in ready for a new tenant (advertised for rent at $1600).
Both units are very spacious and filled with natural light, featuring a well-designed layout with a large living room, dining room, and kitchen on the first floor. Each unit offers 4 generously sized bedrooms while one unit includes 2 full bathrooms and the other offers 1 bathroom.
The updated unit showcases neutral finishes and has an additional bonus room.
Ideally located just minutes from the Cleveland Clinic, downtown Cleveland, and major freeways, this property offers exceptional convenience for tenants. Easy access to public transportation makes commuting simple, adding to the strong rental appeal of this investment. Lead Safe certified.
With the current and projected rental income, this property delivers over a 10% cap rate, making it an excellent addition to any investor's portfolio.
No seller financing
Location
State OH
County Cuyahoga
Rooms
Basement Partially Finished
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Appliance Dryer, Microwave, Range, Refrigerator, Washer
Laundry In Basement
Exterior
Parking Features Concrete, On Site, Off Street
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 107-11-026
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
Nearby Locations
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