Cleveland, OH 44120,12301 Forest AVE
Cleveland, OH 44120,12301 Forest AVE
Cleveland, OH 44120,12301 Forest AVE
Cleveland, OH 44120,12301 Forest AVE
Cleveland, OH 44120,12301 Forest AVE
Cleveland, OH 44120,12301 Forest AVE
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$ 150,000
Est. payment | /mo

6 Beds

2 Baths

2,004 SqFt


Save
$ 150,000
Est. payment | /mo
Save

6 Beds

2 Baths

2,004 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,004 sqft

Price per Sqft $74

Subdivision Rice Heights

MLS Listing ID 5171727

Bedrooms 6

Full Baths 2

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 2,004

Year Built 1918

Annual Tax Amount $1,104

Tax Year 2024

Lot Size 4,621 Sqft

Acres 0.1061

Property Sub-Type Duplex

Property Description

Discover an exceptional, fully occupied investment opportunity at 12301 Forest Ave! This turn-key duplex delivers strong cash flow from day one, featuring two updated units and long-term tenants already in place. The upstairs unit offers 4 bedrooms and 1 bath, currently rented at $1,200/month with a lease through July 31, 2026. The downstairs unit is a 2 bedroom, 1 bath rented at $1,000/month with a lease through May 31, 2026.

Extensively renovated from top to bottom, this property boasts a new roof (2024), new hot water tanks (2024), new furnaces (2024), all-new plumbing, brand-new LVP flooring throughout, fresh interior paint, and two fully remodeled bathrooms—ensuring low maintenance for years to come.

Located in the desirable Buckeye Shaker neighborhood, you're just steps from the Shaker Square Shopping Center, home to the Atlas Movie Theater, Dave's Market, cafés, and other popular amenities. Commuting is a breeze with quick access to downtown and major transportation routes.

With monthly rents that shatter the 1% rule and a cap rate of approximately 17.6%, this is a cash-flow machine you don't want to miss.

Contact your favorite Realtor today—this one won't last long!

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Exterior

Parking Features On Street

Water Access Desc Public

Roof Type Asphalt,Fiberglass

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 129-20-041

Northern Ohio Regional MLS (YES-MLS)
Listed by Keyano Burgess • Lokal Real Estate, LLC. • 216-252-6580, marketing@lokalrealestate.com
Shawana Hanson

"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."

+1(216) 971-3161

info@luxehauscle.com

1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States

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12301 Forest AVE