$124,699

1141 E 148th Street, Cleveland, OH 44110

  • 5 beds |
  • 3 baths |
  • 2,700 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1919
  • Property Lot Size Icon2,836sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $46/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

High-ROI Turnkey Duplex – Fully Occupied, 15% Cap Rate, Instant Cash Flow! Do you like checks in the mail every month? Rare opportunity for real estate investors! This income-producing duplex is fully rented with stable, long-term tenants. Upstairs unit rents for $1,129/mo and downstairs for $1,269/mo, generating $2,398/month - $28,776/year in gross rental income. At a purchase price of $129,000, that’s an impressive 15% capitalization rate with immediate positive cash flow. Both units have separate utilities, strong rental history, and is located close to shopping, dining, schools, and major highways. Perfect for buy-and-hold investors, 1031 exchange buyers, and cash-flow seekers. Low-maintenance investment property in a market with rising rents—add this turnkey rental property to your portfolio today! WHEN OFFERING: Proof of funds required. Cash offers will be considered before offers contingent on bank financing. $2K EMD. Cash Flow, ROI, Below Market, Handyman Special, rehab, as-is, motivated seller, must sell, relocation, estate sale, foreclosure, short sale, investment property, income property, developing area, high growth area, potential, add value

Listing Status:
Active
Listing Office:
Ohio Property Group, LLC : 419-790-3106
Listing Agent:
Glen G Whitten : 419-790-3106
MLS ID:
5148359
  • General: Ceiling Fan(s)
  • Appliances: RangeRefrigerator
  • A/C: None
  • Heating: Gas
  • Fireplace: Fireplaces: 0
  • General: Awning(s)Balcony
  • Style: Bi-Level
  • Parking: Direct Access
  • Roofing: Asphalt
  • General: Wood SidingThree Or MoreMulti/Split
  • Originating MLS: NOWDD_NORM
  • School District: Cleveland Municipal - 1809
  • County: Cuyahoga
  • Zoning: 2 AMBLER 0060 ALL115-17-018
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Glen G Whitten, Ohio Property Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kenneth W. Clement Boys' Leadership

14311 Woodworth Rd, Cleveland, OH, 44112

Grades PK-8

0.32 miles away

K

Kenneth W. Clement Boys' Leadership

14311 Woodworth Rd, Cleveland, OH, 44112

Grades PK-8

0.32 miles away

C

Collinwood High School

15210 Saint Clair Ave, Cleveland, OH, 44110

Grades 9-12

0.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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