3746 W 140th Street
Property Description
This cash-flowing duplex is an excellent opportunity for investors looking to expand their portfolio or to do house-hacking, with an income-producing property! Featuring two fully occupied units, the lower unit offers 2 bedrooms and 1 full bathroom, while the upper unit features 1 bedroom and 1 full bathroom. Both units include spacious living rooms, functional kitchens, and practical layouts designed for comfortable everyday living. The shared basement provides additional storage space along with value-add potential for future improvements. The property is fully tenant occupied, generating immediate rental income. The lower unit rents for $1,050 per month with a lease in place through 02/28/2027, while the upper unit rents for $680 per month with a lease through 08/31/2026, providing reliable cash flow from day one. Owner Occupant opportunity with the up unit vacating at the end of August 2026. Additional improvements include younger furnaces, updated ductwork, younger water heaters, durable vinyl siding, and a combination of hardwood and luxury vinyl plank flooring throughout, helping minimize future maintenance while enhancing tenant appeal. With instant equity, stable occupancy, and strong income potential, this duplex is a smart investment for both seasoned and first-time investors. Conveniently located in Cleveland with easy access to I-71 and I-90, the property is close to major roads, public transportation, shopping, restaurants, schools, parks, and all the everyday amenities tenants are looking for! 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! Whether you're looking to grow your portfolio or a house-hack opportunity, with immediate cash flow and long-term appreciation potential, this property is the perfect fit! 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: | $159,900 |
| Year Built: | 1925 |
| Lot Size: | 1,455.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 2 |
ID: 3yd-NEOHREXOH-5232002
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1724 Youngstown Kingsville Road
Vienna Township, Ohio
3417 W Rapid Street
Rapid City, South Dakota
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout