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$209,900
Est. payment /mo
6 Beds
1 Bath
5,283 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision Rockefeller & Andrews
MLS Listing ID 5185621
Bedrooms 6
Full Baths 1
HOA Y/N No
Year Built 1920
Annual Tax Amount $3,278
Tax Year 2025
Lot Size 5,283 Sqft
Acres 0.1213
Property Sub-Type Duplex
Property Description
Turn-Key Side-by-Side Duplex – 11.5% Cash-on-Cash Return
Well maintained side by side duplex ideally located in Cleveland near the border of Garfield Heights, an area popular with renters due to easy access to transportation, shopping, the Cleveland Metroparks walking area, and close proximity to downtown Cleveland. Each unit features an open and functional layout with 3 bedrooms and 1 bathroom.
This is a true turnkey investment that has been consistently cared for. Both units are occupied by long-term tenants with a strong payment history, providing immediate and reliable cash flow from day one.
Investment Highlights
Asking price $210,000
Monthly rent collected $2,475
Monthly operating expenses
Property management $200
Property taxes $245
Insurance $80
Utilities $250
Vacancy reserve $90
Maintenance reserve $85
Total operating expenses $950 per month
Monthly NOI $1,521
Cash-on-cash return 11.5 percent.
Strong in-place income, solid tenants, and a desirable location make this a reliable cash-flowing asset.
Turn-key duplex that investors can buy and hold with confidence.
Some photos may be virtually staged
Well maintained side by side duplex ideally located in Cleveland near the border of Garfield Heights, an area popular with renters due to easy access to transportation, shopping, the Cleveland Metroparks walking area, and close proximity to downtown Cleveland. Each unit features an open and functional layout with 3 bedrooms and 1 bathroom.
This is a true turnkey investment that has been consistently cared for. Both units are occupied by long-term tenants with a strong payment history, providing immediate and reliable cash flow from day one.
Investment Highlights
Asking price $210,000
Monthly rent collected $2,475
Monthly operating expenses
Property management $200
Property taxes $245
Insurance $80
Utilities $250
Vacancy reserve $90
Maintenance reserve $85
Total operating expenses $950 per month
Monthly NOI $1,521
Cash-on-cash return 11.5 percent.
Strong in-place income, solid tenants, and a desirable location make this a reliable cash-flowing asset.
Turn-key duplex that investors can buy and hold with confidence.
Some photos may be virtually staged
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Detached, Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 134-26-011
Special Listing Condition Standard
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Listed by Joseph Clark • VSD Realty, LLC. • 216-406-1772, victor@vsdrealty.com
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Todd Berrien
Owner | License ID: 2013002395