5 Beds
2 Baths
2,113 SqFt
5 Beds
2 Baths
2,113 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,113 sqft
Price per Sqft $92
Subdivision David & Judsons Allotment
MLS Listing ID 5135092
Bedrooms 5
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,113
Year Built 1924
Annual Tax Amount $2,727
Tax Year 2024
Lot Size 5,741 Sqft
Acres 0.1318
Property Sub-Type Duplex
Property Description
Fully stabilized, rehabbed duplex bringing in $2,693/mo through CMHA Section 8 — $1,185 (lower) and $1,508 (upper). Both units are fully occupied with quiet, cooperative tenants and 100% of rent paid by CMHA on each — no tenant portion due. Cashflow from day one, no placement risk, no payment delays.
Located in Cleveland but pulling Garfield Height-level rents, this property combines high returns with low Cleveland property taxes and no Point-of-Sale (POS) compliance, a rare setup that directly improves margins.
MASSIVE CAPEX already completed: Brand new roof, new electrical panel and upgraded disconnect (permitted and city approved), new separate electric meters (expensive to install, but huge value in duplexes), new high-efficiency dual pane vinyl windows, new bathrooms, fresh paint, and sewer lines hydro-jetted clean.
LEASE BASED PAINT TESTING HAS BEEN COMPLETED AND PASSED!
There's also potential value-add in the basement with space for an additional bedroom, offering even more rent upside.
This is a true plug-and-play asset. Fully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Quality remodel!
Strong lease is transferrable and very owner-protective.
PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS.
Do not disturb tenants. 48-hour notice typically required for showings. Showings after accepted offer. Artistic marketing renders and photos are transferable to buyer for future use in listings."
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Window Features Double Pane Windows
Appliance Range, Refrigerator
Laundry In Basement
Exterior
Parking Features Attached, Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Shingle
Private Pool No
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 134-23-021
Special Listing Condition Standard
"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."
1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States