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Turnkey cash-flowing 3-unit investment opportunity in Cleveland featuring two properties on one lot. The front building is a fully renovated duplex (2023) with both units occupied by reliable tenants, including Section 8 income for added stability. The upstairs unit rents for $1,170/month with a lease through March 2027, while the downstairs unit generates $1,310/month ($921 tenant + $389 Section 8) with a lease through April 2028. The rear single-family home is in good condition and rents for $900/month with a lease in place through 2028. Both the duplex and single-family home have newer furnaces and hot water tanks, minimizing near-term capital expenses. The property produces $3,380/month ($40,560 annually) in gross rental income and offers immediate cash flow with long-term tenants already in place. This is a low-maintenance, stabilized asset ideal for investors seeking consistent returns. Property is being sold as a package with a cash flowing duplex at1222 E 172nd St, Cleveland, OH 44119.
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listed By
Agency Name: Chosen Real Estate Group
Agency Contact: 330-249-3499, office@chosenrealtyco.com