414 E 147th Street
Property Description
This cash-flowing duplex is a strong opportunity for investors looking to add a stabilized, income-producing property to their portfolio. Each unit features 2 bedrooms and 1 bathroom, along with a spacious living room, functional kitchen, and adjoining dining space, offering comfortable and practical layouts for tenants. The property has several desirable updates and improvements already in place, including vinyl siding, vinyl windows, a younger roof, younger furnaces, younger hot water tanks, and updated electrical panels. With professional property management currently in place and both units occupied, this duplex offers immediate rental income with limited upfront repositioning needed. The property is City of Cleveland lead certified, that provides a peace of mind. The downstairs unit is vacant and rent ready, with a market rent of $875. The upstairs unit is occupied by a long-term tenant of more than two years, currently paying $875 per month on a month-to-month lease and has kept pace with previous rent increases. Together, the units have potentially $1,750 per month in rent, making this an appealing option for investors seeking an already-performing asset. Located in Cleveland with convenient access to I-90, Cleveland Clinic Euclid Hospital, and Humphrey Park, the property is also near major roads, public transportation, shopping, schools, parks, restaurants, and other everyday amenities. Professional management in place and willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services available for remote investors! With established tenants, professional management, and several major property components already updated, this duplex is positioned as a solid addition to a rental portfolio! Schedule your showing now! No wholesalers. No Seller financing. No low ball offers.Broker Details
RE/MAX Haven Realty (216) 332-0456
MLS ID: 2014004734 State License Number: 2014004734
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $144,900 |
| Year Built: | 1924 |
| Lot Size: | 2,092.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-NEOHREXOH-5237159
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