1141 E 148th ST Cleveland, OH 44110
5 Beds
3 Baths
2,700 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $44
MLS Listing ID 5148359
Style Bi-Level
Bedrooms 5
Full Baths 2
Half Baths 1
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 1,800
Year Built 1919
Annual Tax Amount $907
Tax Year 2024
Lot Size 2,835 Sqft
Acres 0.0651
Property Sub-Type Single Family Residence
Property Description
Rare opportunity for real estate investors! This income-producing duplex is fully rented with stable, long-term tenants. Upstairs unit rents for $1,129/mo and downstairs for $1,129/mo, generating $2,258/month = $27,096 PER YEAR RENTAL INCOME!
At a purchase price of $123,000, that's a HUGE 16% capitalization rate with immediate cash flow. Both units have separate utilities where tenants pay gas and electric, tenants have strong rental history, and it's located close to shopping, dining, schools, and major highways. Perfect for buy-and-hold investors, 1031 exchange buyers, and cash-flow seekers. Low-maintenance investment property in a market with rising rents—add this turnkey rental property to your portfolio today!
WHEN OFFERING: Proof of funds required. CASH offers will be considered ABOVE offers contingent on financing. $2K earnest money down required. NO CREATIVE FINANCING/TERMS OFFERS. Owners need to sell FAST so they can put a down payment on a commercial deal. REACH OUT TODAY!
Cash Flow, ROI, Below Market, Handyman Special, rehab, as-is, motivated seller, must sell, relocation, estate sale, foreclosure, short sale, investment property, income property, developing area, high growth area, potential, add value
Location
State OH
County Cuyahoga
Rooms
Main Level Bedrooms 2
Interior
Interior Features Ceiling Fan(s)
Heating Gas
Cooling None
Fireplaces Type None
Fireplace No
Appliance Range, Refrigerator
Exterior
Exterior Feature Awning(s), Balcony
Parking Features Direct Access
Carport Spaces 2
Water Access Desc Public
Roof Type Asphalt
Porch Covered, Deck, Front Porch, Balcony
Private Pool No
Building
Lot Description Back Yard, Front Yard
Sewer Public Sewer
Water Public
Architectural Style Bi-Level
Level or Stories Three Or More, Multi/Split
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 115-17-018
Special Listing Condition Standard
