1352 Giddings Avenue
Property Description
***OFFER DEADLINE THURSDAY, SEPTEMBER 17TH, 12:00 PM *** Excellent investment opportunity with immediate cash flow! This fully occupied Cleveland multifamily features two spacious 3-bedroom, 1-bath units generating a combined $2,803 per month and $33,636 in annual gross rental income. The downstairs unit is leased to a cash-paying tenant at $1,250 per month on a one-year lease and features new carpet throughout, newer windows, and a refrigerator and stove. The upstairs unit is occupied by a long-term Section 8 tenant paying $1,553 per month and also offers 3 bedrooms, 1 full bath, newer windows, refrigerator, and stove. Additional improvements include two new water heaters, select electrical and plumbing updates, and glass block basement windows. With both units already occupied and producing income, this is a great opportunity for an investor looking to add a solid, income-producing multifamily property to their portfolio. Convenient Cleveland location with access to shopping, dining, major roadways, and Downtown Cleveland. Add this cash-flowing property to your portfolio today!
Broker Details
EXP Realty (866) 212-4991
MLS ID: 2021006808 State License Number: 2021006808
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $189,000 |
| Year Built: | 1900 |
| Lot Size: | 3,331.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 2 |
ID: 3yd-NEOHREXOH-5241167
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