Turnkey duplex investment opportunity in Cleveland with strong cash flow potential. The property features major recent updates including new siding, a new back deck, and a fully updated upstairs unit interior. The first-floor unit is occupied by a long-term tenant currently paying $700/month on a month-to-month lease, offering flexibility for investors. Market rents for the first-floor unit are estimated at $1,000$1,100/month. The upstairs unit is vacant and recently updated, with projected rents around $800$900/month. With pro forma rents approaching $2,000/month, this property presents a strong cash-flow opportunity and meets the criteria many investors look for when building a buy-and-hold rental portfolio. Ideal for house hackers, owner-occupants, or investors seeking a performing duplex with strong upside, easily clearing the 1% rule once the upstairs unit is rented. Don't miss out on this great opportunity to add a cash-flowing Cleveland rental property to your portfolio.
Listed By
Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: sasha.sample@cbschmidtohio.com, 330-807-8384
Shown By
Agency Title: Tanner Real Estate
Agency Phone: 330.823.8880
Estimated Payment
$ 405.23 per month $267.07 Principal & Interest $103.17 Property Tax $35.00 Homeowner's Insurance
4067 E 57th Street | MLS# 5191234
This multi-family property located at 4067 E 57th Street, Cleveland, OH 44105 is currently listed for sale with an asking price of $120,000. E 57th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.tannerrealestate.net today.