Fully leased duplex with stable income today and clear upside. Downstairs has 2 bedrooms and one bath and upstairs has 3 bedrooms and 1 bath. The upstairs 3 bedroom unit is currently rented at 900 per month through CMHA. The downstairs was rented at $900 for a total of 1,800 per month and 21,600 per year in gross rent. Section 8 pays up to 1,129 for a two bedroom which creates rent growth potential on future turns or renewals subject to program approval. Showings with notice only. Do not disturb tenants. Inspection report available. Downstairs 2 bedroom unit will be delivered vacant.
For sale
Price cut: $10K (11/19)
$129,900
1225 E 71st St, Cleveland, OH 44103
5beds
2,384sqft
Est.:
Duplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$54/sqft
$-- HOA
What's special
- 60 days |
- 714 |
- 69 |
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