🔑🚪Turnkey Double | Cleveland, OH | 🚀Untapped rental potential📈

Cuyahoga County, Cleveland, OH, 44120
Sold
Listed at: April 12th, 2024
Price
$79,700
ARV
$130,000
Gross Margin
$50,300
Sq. Footage
3246
Type
Multifamily
Parking
Driveway
Year build
1910
Lot size
0.12 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

💥 Check out our rental Comps ➡️💥

 

This turnkey multi-family duplex is the perfect rental opportunity to add to your portfolio or to start one with a solid upside!  The property is located just blocks (southwest) from Shaker Square for easy access to restrants and essentials like grocerie's.  Short commute to cleveland clinic, case western, university hospital and downtown.  This Turnkey property is fully lease for 1600 / month with plenty of upside on the rents!

Call or text Drew for more information before this deal is GONE!

234-200-7475

Key Takeaways 🗝️

  • Leased for 1600 / month ➔ Market rents 2000+
  • Strong value and rental comps
  • Solid Bones with some defered maintance.
    • Mechanicals all functioning.  Defered maintance: electric panels need updated, basement needs cleaned out from debris, roof is old but not leaking.  Other updates are cosmetic as needed when turning units.
  • Utilities split.  Owner pays water, sewer, trash.  Tenants pay gas and electric.

 

Sales Comparables 🏘️

2617 East 130th Street - 140K

2810 East 120th Street - 123K

2782 East 127th Street - 124.9K

2934 E 130TH ST - 120K

2670 E 130TH ST - 145K

 

Points of Interest 📌

Great access to cleveland's bus and train system.

12 minutes from Cleveland Clinic and Case Western.

15 minutes from Downtown Cleveland

 

 

**Buyer responsible for their own due dillidence.

Documents
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Drew

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Disposition manager