951 Royal RD new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44110
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,728 sqft
Price per Sqft $75
Subdivision Rr &Ppp Companys Five Points
MLS Listing ID 5171571
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,728
Year Built 1928
Annual Tax Amount $2,076
Tax Year 2024
Lot Size 3,502 Sqft
Acres 0.0804
Property Sub-Type Duplex
Property Description
Unlock a premier cash-flow opportunity with this completely renovated, turnkey duplex in Cleveland's 44110 zip code! This property is an investor's dream, designed for immediate, high-margin returns with zero deferred maintenance. Each 2-bedroom, 1-bathroom unit has been meticulously updated with a new roof, working mechanicals, and energy-efficient windows. The interiors feature fresh paint, new flooring, and updated kitchens and baths, making the units rent-ready today. This property is perfectly positioned to attract stable, long-term tenants and capitalize on strong market rents, including Section 8 payment standards that reach up to $1,152 per unit.
This investment is not just about immediate income; it's also about long-term growth. The property's location is perfect for attracting a strong tenant pool, situated just minutes from the vibrant Waterloo Arts District, with its unique galleries, shops, and live music venues. Its strategic placement near I-90 provides a fast commute to downtown, while proximity to Lake Erie offers desirable recreational opportunities. This combination of cultural attractions and accessibility is driving revitalization in the area, signaling strong potential for future appreciation and increasing property values.
This is a rare chance to acquire a fully updated, income-producing asset where all the capital-intensive work has been completed. With its strong cash-flow potential and promising location, this duplex is a low-risk, high-reward addition to any real estate portfolio. Whether you're a seasoned investor or just starting, this property offers a clear path to passive income and long-term wealth building. Don't miss out on this exceptional investment—schedule your showing today.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Laundry Lower Level
Exterior
Parking Features Detached,Garage
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt,Shingle
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 115-29-030
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan