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$ 129,900
Est. payment | /mo
4 Beds
2 Baths
4,199 Sqft Lot
$ 129,900
Est. payment | /mo
4 Beds
2 Baths
4,199 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Rice Heights
MLS Listing ID 5222633
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1920
Annual Tax Amount $970
Tax Year 2025
Lot Size 4,199 Sqft
Acres 0.0964
Property Sub-Type Duplex
Property Description
Turnkey, cash-flowing duplex just one block from Shaker Heights! This fully updated investment property offers immediate income and excellent upside, making it the perfect addition to any rental portfolio.
The first-floor unit is occupied by a CMHA tenant paying $987 per month, providing reliable, guaranteed rental income with a check in the mailbox every month. The upper unit is vacant and ready for tenant placement, allowing the next owner to increase cash flow immediately. Professional property management is already in place and willing to remain for a truly hands-off investment experience.
Recent improvements include a newer dimensional shingle roof, newer vinyl windows, easy-maintenance vinyl siding, updated kitchens with newer cabinets and countertops, updated bathrooms featuring newer vanities and tiled showers, newer LVP flooring and carpet throughout, and updated 100-amp electrical panels. A finished third-floor room with an electric baseboard heater offers additional usable living space and added flexibility.
The property also comes with a City of Cleveland rental registration and Lead Safe Certificate already in place, helping make this a smooth, turnkey acquisition for investors.
Whether you're looking to add dependable cash flow to your portfolio or secure a low-maintenance investment in a strong rental location near Shaker Heights, this duplex checks all the boxes.
The first-floor unit is occupied by a CMHA tenant paying $987 per month, providing reliable, guaranteed rental income with a check in the mailbox every month. The upper unit is vacant and ready for tenant placement, allowing the next owner to increase cash flow immediately. Professional property management is already in place and willing to remain for a truly hands-off investment experience.
Recent improvements include a newer dimensional shingle roof, newer vinyl windows, easy-maintenance vinyl siding, updated kitchens with newer cabinets and countertops, updated bathrooms featuring newer vanities and tiled showers, newer LVP flooring and carpet throughout, and updated 100-amp electrical panels. A finished third-floor room with an electric baseboard heater offers additional usable living space and added flexibility.
The property also comes with a City of Cleveland rental registration and Lead Safe Certificate already in place, helping make this a smooth, turnkey acquisition for investors.
Whether you're looking to add dependable cash flow to your portfolio or secure a low-maintenance investment in a strong rental location near Shaker Heights, this duplex checks all the boxes.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Other
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 Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 129-25-133
Special Listing Condition Standard
Listed by Ian Grame • Key Realty • iangrameREALTOR@gmail.com, 216-882-1056
Nearby Locations
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Rebecca Nedelka
Realtor | Lic# 2020004698