Major value-add duplex opportunity in East Cleveland featuring two 2-bedroom, 1-bath units, each offering a traditional layout with living room, dining room, and kitchen. The property has sustained significant water damage due to burst pipes and requires a full renovation. This is a substantial project suited for experienced investors prepared… Read More to complete a comprehensive rehab. Once restored, renovated duplexes in the area are supporting values of $150,000 or more. Estimated renovation costs are approximately $80,000, presenting an opportunity to create equity through improvements. For investors evaluating long-term rental strategy, current CMHA payment standards for two-bedroom units in the 44112 zip code are approximately $1,050 per unit per month. Upon full rehabilitation and approval for occupancy, the property has the potential to generate gross annual rental income exceeding $25,000 based on two units. The property is being sold as-is. Due to the condition of the home, liability waivers will be required prior to entry. Cash or renovation financing only. Seller will not permit assignment of the contract. Serious, qualified investors encouraged to inquire. Read Less
Courtesy of Keller Williams Citywide and Megan Gordon
Listing Snapshot
Days Online
36
Last Updated
Property Type
Duplex
Beds
4
Full Baths
2
Lot Size
0.09 Acres
Year Built
1916
MLS Number
5190350
Additional Details
Basement
CommonBasement
Building
Built in 1916, Construction materials: WoodSiding, Levels: Two, Living area units: SquareFeet, 1 building, 2
Heating
ForcedAir
Lot
0.0892 acres
Roof
AsbestosShingle
Sewer
PublicSewer
Taxes
Year: 2025
Tenant Pays
CableTv, Electricity, Gas, Heat, HotWater
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Yes-MLS. Real estate listings held by brokerage firms other than Keller Williams Legacy Group Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker(s). Information is deemed reliable but not guaranteed. Listings last updated . Some properties which appear for sale on this website may subsequently have sold and may no longer be available.
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