Property Description

Cleveland Heights brick duplex, with rare 3-bedrooms per side and a potential annual GRI of $50K, is just a few miles from Case Western Reserve University and both The Cleveland CLinic's and University Hospital's main campuses!!! This well-maintained investment property offers immediate cash flow with both units currently occupied and month-to-month. This side-by-side duplex features similar layouts in each unit, with a spacious family living, formal dining room, and well-equipped kitchen, as well as 1 of the 3 bedrooms and the half bath on the 1st floor and two additional bedrooms and the full bathroom upstairs. One of the units has CENTRAL AC, which could easily be added to the other unit, as well. Each unit also enjoys its own private basement, with laundry hook-up and plenty of storage and has enough room to add a family room. Additionally, this property has been given many updates recently, including: new roof and gutters (2023), new furnaces (both in 2024), and some electrical updates (2025) .... Current long-term tenants are month-to-month. CMHA sets monthly rent for a 3-bedroom in 44121 at $2067 per month, which would generate approximately $50,000 annually in GRI. This property EASILY beats the 1% Rule and 10-cap requirement. So, if you are looking to househack as an owner-occupant, or add a stress-free property to your rental portfolio, this property is FOR YOU!

Property Features

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