Are you in the market for a multi-family property with great potential? Look no further than this Cleveland duplex for sale. With its solid structure and multiple units, this property offers a unique investment opportunity for those looking to expand their real estate portfolio.
Situated in a desirable location, this colonial-style duplex features three units, each with its own charm and character. The up and down units boast two bedrooms and one bathroom, providing ample space for tenants. Additionally, the third floor unit offers one bedroom and one bathroom, making it ideal for a smaller household or a single tenant.
While this property requires some rehabilitation work, it presents an excellent opportunity for investors or homeowners looking to put their personal touch on a property. Some newer vinyl windows have already been installed, offering a glimpse of the potential this home holds. With the right renovations, this duplex can be transformed into a highly desirable rental property.
Once the necessary repairs and upgrades are completed, each unit can be rented out for market rents of $800 or more per unit. This potential for high rental income makes this property an attractive investment opportunity. Whether you’re a seasoned investor or a first-time landlord, this duplex has the potential to generate a steady stream of income.
It’s important to note that this property is being sold as-is, and the seller will not make any repairs. This means that the responsibility of renovating and bringing the property up to code falls on the buyer. However, for those willing to put in the effort, the rewards can be significant.
Due to the nature of this sale, cash offers are preferred, and no wholesalers will be considered. This ensures a smooth and efficient transaction for both parties involved. If you’re interested in this property, don’t hesitate to schedule a showing today. Opportunities like this don’t come around often, so act quickly to secure this potential gem.
In conclusion, this Cleveland duplex for sale offers plenty of potential and good bones for those willing to invest in its rehabilitation. With its three units, each with 2 bedrooms and 1 bathroom, this property has the potential to generate high rental income once renovated. While it requires some work, the opportunity to put your personal touch on this property and create a profitable investment is well worth it. Don’t miss out on this chance to own a multi-family property with great potential. Schedule your showing today!
11223 Martin Luther King Junior Drive, Cleveland, OH 44105