Property Description

Investor Opportunity in Desirable Garfield Heights 11.94% Cash-on-Cash Return Welcome to this newly updated side-by-side duplex located in one of Garfield Heights' most sought-after neighborhoods. Each unit offers a spacious and functional layout with 3 bedrooms and 1.5 bathrooms per side, making this a highly desirable property for long-term tenants. This property is a true turnkey investment with stable tenants already in place, allowing you to step right into immediate cash flow from day one. Both units have been thoughtfully updated, minimizing near-term capital expenses and maximizing rental appeal. Some photos may be virtually staged Conveniently located close to shopping, dining, schools, public transportation, and major commuter routes, tenants enjoy easy access to all essential amenities, further strengthening long-term occupancy and demand. Investment Highlights ? Asking price $269,900 ? Monthly rents collected $3,190 Monthly operating expenses ? Property management $191 ? Property taxes $417 ? Insurance $81 ? Utilities $300 ? Vacancy reserve $160 ? Maintenance reserve $160 Total operating expenses $1,308 per month Monthly NOI $1,882 Monthly cash flow $586 Annual cash flow $7,043 Cash-on-cash return 11.94%. With strong numbers, solid tenants, and an excellent location, this duplex checks all the boxes for investors seeking a reliable, income-producing asset. Don't miss your chance to own a high-performing multifamily property in a prime Cleveland-area suburb.

Property Features

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