12702 Forest AVE Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44120
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,241 sqft
Price per Sqft $60
Subdivision Rice Heights 02
MLS Listing ID 5099337
Bedrooms 4
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 1,494
Year Built 1920
Annual Tax Amount $1,400
Tax Year 2023
Lot Size 5,039 Sqft
Acres 0.1157
Property Sub-Type Duplex
Property Description
This well-positioned duplex in Cleveland presents an exceptional investment opportunity with a prime location and ongoing upgrades. Situated near E 116th Street and just a few miles from the desirable Shaker Heights, this property is perfectly positioned for equitable increases as the surrounding area continues to develop.
The duplex is currently being renovated to enhance its appeal, with plans to sell when occupied by reliable tenants (it is currently vacant and still being remodeled), making it an ideal turnkey investment for passive income. Within a 4-minute drive, you'll find a variety of dining options and essential services. Plus, major highways are just 15 minutes away, offering easy access to the broader Cleveland area.
Conveniently located within a 10-minute drive to world-renowned institutions such as Cleveland Clinic and University Hospitals, this property combines comfort, practicality, and significant growth potential. Don't miss the chance to secure this prime asset in one of Cleveland's most promising neighborhoods!
Location
State OH
County Cuyahoga
Rooms
Basement Full,Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Story 3
Sewer Public Sewer
Water Public
Level or Stories Two,Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 129-25-006
Acceptable Financing Cash,Conventional,FHA 203(b)
Listing Terms Cash,Conventional,FHA 203(b)