This duplex is back on the market, with no blame on the part of the sellers. Both the first and second floors are identical, offering 2 bedrooms and 1 bathroom each, with a monthly rental income of $750 for each unit. The upstairs 3rd studio unit, complete with a bathroom, had previously rented for $600. The owners consistently collected $2,100 in rents, and there are well-documented payment records to support this. This property has undergone recent renovations and has the potential to function as a triplex. It enjoys a convenient location near University Circle, colleges, major hospitals, museums, meeting venues, and downtown Cleveland, just a short drive away. The renovation work is extensive, covering everything from the hot water tanks and furnaces to the tiles, carpets, and vinyl flooring. Fresh paint has been applied throughout, and new cabinetry has been installed. The roof has also been updated. The property's exterior features a spacious yard, off-street parking, and a detached 2-car garage. To prioritize tenant security and peace of mind, a professionally installed outdoor surveillance system operates 24/7. The property is being sold in its current condition, with 80% of the renovation already completed. This provides a unique opportunity for buyers to benefit from the work that has already been done, as the owner's circumstances can now become your opportunity. Don't miss out on this chance to invest in a well-maintained property that generates income.
Listing Courtesy of: Kathleen Poelking, Kpoelking@clevelandpropertymanagement.com With Cleveland Property Management
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