10103 Lamontier Avenue, Cleveland, OH 44104

Property Description

Portfolio builders and out-of-state investors: look no further for a high-performing, low-maintenance asset. This up-and-down Cleveland duplex is the ultimate hands-off investment property, offering heavy capital improvements and an unbeatable rent-to-value ratio. The property will convey with a brand-new lead certificate upon closing, and the seller is actively replacing seven basement windows with brand-new glass block windows. The upper unit is a spacious four-bedroom layout optimized for immediate cash flow, actively rented through October 30th, 2026, for $1,100 per month with professional management in place - offering massive upside with potential voucher rents commanding $1,400–$1,500. The expensive, big-ticket mechanical and structural items are completely done. The property features a newer roof (2022), durable vinyl siding, and all-newer energy-efficient windows. Downstairs, the basement infrastructure is entirely refreshed with updated plumbing, updated electrical, two newer furnaces, updated ductwork, and two newer hot water tanks, ensuring hassle-free, separate utility management with strong Section 8 potential. While the upstairs unit provides reliable, in-place returns from day one, the downstairs unit sits vacant, beautifully remodeled, and rent-ready to command top market value. It features brand-new drywall, fresh neutral paint, durable flooring, and modern fixtures, anchored by a fully remodeled kitchen featuring a 2022 appliance package - including a refrigerator, oven, and microwave - and a crisp, updated full bath. Perfectly situated in Woodland Hills just minutes from a major hospital system, this location guarantees consistent rental demand. With the heavy lifting completed, new glass block windows coming, lead certification secured, appliances in place, professional management established, and a vacant unit ready to be filled immediately, this turnkey cash cow is ready for you to acquire today and collect tomorrow.