4 Beds
2 Baths
2,024 SqFt
4 Beds
2 Baths
2,024 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,024 sqft
Price per Sqft $68
Subdivision Imperial Road Allotment
MLS Listing ID 5171728
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,024
Year Built 1928
Annual Tax Amount $3,248
Tax Year 2024
Lot Size 5,266 Sqft
Acres 0.1209
Property Sub-Type Duplex
Property Description
Turnkey and fully occupied duplex in Cleveland offering excellent cash flow and strong long-term leases. Ideal for out-of-state or passive investors seeking a clean, renovated, income-producing property at an affordable price.
Financials:
• Lower Unit: $1,250/month (lease: 7/1/25–6/14/26)
• Upper Unit: $1,087/month (lease: 7/26/25–7/25/26)
• Gross Rents: $2,337/month ($28,044/year)
• Price: $139,000
Highlights:
• Fully rehabbed inside and out — updated kitchens, modern baths, new flooring, fresh paint, and all major systems upgraded.
• All new hot water tank, all new furnace, all new utilities.
• All new appliances
• Tenants pay all utilities besides water
• Both units occupied with reliable tenants and long-term leases already in place.
• Strong rent-to-price ratio exceeding the 1% rule, making it a true cash-flow performer.
• Professionally managed with a $300 property reserve in place for smooth operations.
• Low maintenance and high return — a perfect addition to any investment portfolio.
This is a fully rented, turn-key money maker priced at just $139,000. A rare opportunity to own a stable, renovated duplex in Cleveland producing immediate income and long-term growth potential.
Seller also selling 1743 Algonac Road, Cleveland, Ohio 44112
Contact your agent today before this high-performing investment is gone.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 117-03-030
Special Listing Condition Standard
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1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States