BEDS6
BATHS2 full
SQUARE FEET2,042
MLS#5200280
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONEuclid-Noble Dev Cos 01
SCHOOLEast Cleveland City
Property Description
Turnkey investment opportunity CURRENTLY generating $33K in rents each year!!! This well-maintained multifamily duplex is the perfect addition to any investor's portfolio. Both units are currently occupied with reliable Section 8 tenants, offering immediate and consistent cash flow. Each unit features 3 spacious bedrooms and 1 full bathroom, providing comfortable living space for tenants. The property has been updated and is in great condition, minimizing the need for immediate repairs or renovations. Current rental income is strong, with one unit generating $1,329/month and the other $1,415/month. This best the 1% Rule and provides more than a 10-CAP. Whether you're a seasoned investor or just getting started, this income-producing property is a solid, hassle-free opportunity you won't want to miss! Can be sold as a package deal! (5200289), (5200292), (5200294)
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Heating: Forced Air
Lot Size: 0.10 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $1,266 / year
Year Built: 1924
Feature Descriptions
Days on Site: 7
Exterior: Vinyl Siding
Parcel#: 673-17-043
Parking: Driveway, On Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: East Cleveland City
Listed By / Shown By
Listed By
Agency Name: Premier Heights Realty LLC
Agency Contact: 216-860-0005, sophie@premierheights.com
Shown By
Agent Name: John Yoder Team
Agent Phone: Cell: (740) 398-2532
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,047.16 per month $894.99 Principal & Interest $105.50 Property Tax $46.67 Homeowner's InsuranceChange Payment Information
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Agent License Information: Brokerage/Company License Number: REC.2010002888
16304 Nela View Road | MLS# 5200280
This multi-family property located at 16304 Nela View Road, East Cleveland, OH 44112 is currently listed for sale with an asking price of $160,000. Nela View Road is located within the East Cleveland City school district. Search East Cleveland real estate on www.johnyoderteam.com today.