2221 E 76th Street, Cleveland, OH 44103

Property Description

2221–2223 E 76th St, Cleveland, OH 44103 – Duplex + Single-Family | Value-Add Opportunity | Part of 4-Property Investment Package Excellent value-add investment opportunity located on Cleveland’s east side. This offering includes (2) properties on one parcel: a single-family home at 2223 E 76th and a duplex at 2221 E 76th, providing multiple paths for strong cash flow once stabilized. The 2223 E 76th single-family home was most recently occupied at the end of 2024, bringing in $1,500 per month through the EDEN program, demonstrating strong rent potential in this market. The unit is currently vacant and needs minor make-ready work to return to rent-ready condition. The 2221 E 76th duplex features (2) 2-bedroom units and requires a full renovation before occupancy. This property is ideal for investors comfortable with renovation projects seeking to maximize equity and long-term return. Buyers are advised to review the City of Cleveland violation list included in the supplements for a full understanding of the required repairs. This property is being sold as part of a 4-property investment package, which includes a mix of income-producing and value-add assets across proven rental markets. The seller has completed full inspections on all four properties, and the portfolio’s pricing already factors in renovation costs — positioning the entire package to deliver 8–12% cap rates at 75–90% of HUD Fair Market Rent. Property Highlights: (1) 4BD Single-Family + (1) Duplex (2 × 2BD Units) 2223 E 76th – Rent-Ready Refresh | Last Rented at $1,500/mo (EDEN) 2221 E 76th – Full Rehab Required | Violations Posted (See Supplements) Strong EDEN/Section 8 Rent Area | Consistent Tenant Demand Part of a 4-Property Package | 8–12% Pro Forma Cap Rate Range Seller-Motivated | Inspections Completed on All Properties Ideal for value-driven investors seeking both cash-flow potential and equity growth within a diversified Cleveland portfolio.