1100 E 74th Street
Property Description
**Turnkey Investment Opportunity with Strong Cash Flow & Appreciation Potential!** Welcome to 1100 E 74th Street, a spacious 6-bedroom, 2-bathroom duplex strategically located just minutes from Downtown Cleveland and Cleveland State University! This income-producing property is ideal for investors seeking immediate rental income, minimal maintenance, and long-term wealth-building potential. The upstairs unit is currently occupied by a long-term voucher tenant paying **$1,600 per month**, providing established rental income from day one! The lower unit was previously rented for **$1,200 per month**, offering the potential for **$2,800 in total monthly rental income, or $33,600 annually**, when fully occupied at those rental rates. Major improvements have already been completed, including new luxury vinyl plank (LVP) flooring, fresh interior paint throughout, vinyl exterior siding, and replacement of most water and gas plumbing lines. The property is also **lead certified and has a valid occupancy certificate**, providing additional peace of mind for investors. Situated in a location with convenient access to Downtown Cleveland, Cleveland State University, employment centers, healthcare institutions, and major transportation routes, this duplex offers compelling long-term appreciation potential as investment and redevelopment continue throughout Cleveland. **Whether you're expanding your rental portfolio or purchasing your first investment property, this updated duplex offers an attractive combination of established cash flow, additional rental income potential, and long-term upside-all without the burden of a major renovation!** Don't miss this opportunity to acquire a cash-flow-focused asset in Cleveland's evolving real estate market!
Broker Details
EXP Realty (866) 212-4991
MLS ID: 2022007663 State License Number: 2022007663
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $174,900 |
| Year Built: | 1920 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 2 |
ID: 3yd-NEOHREXOH-5252025
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