Vision Sales Team

Bi Level

1141 E 148th Street

Cleveland , OH 44110

MLS#: 5148359

$123,900

Status: Active
Listing number: 5148359
Listing provided by: Ohio Property Group, LLC
Listing agent phone: None
Last update: 23 days ago
On site: 3 months ago
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Property

Beds

5

Full Baths

2

1/2 Baths

1

Year Built

1919

Sq.Footage

2,700

High-ROI Turnkey Duplex – Fully Occupied, 15% Cap Rate, Instant Cash Flow! Do you like checks in the mail every month? 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 $1,269/mo, generating $2,398/month - $28,776/year in gross rental income. At a purchase price of $129,000, that’s an impressive 15% capitalization rate with immediate positive cash flow. Both units have separate utilities, strong rental history, and is 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 before offers contingent on bank financing. $2K EMD. 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

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s)

  • Total Bedrooms

    5

  • Bathrooms

    2

  • 1/2 Bathrooms

    1

  • Above Grade Finished Area

    1800.0

  • Basement YN

    NO

  • Cooling YN

    NO

  • Cooling

    Ceiling Fan(s), None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Main Level Bedrooms

    2

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Wood Siding

  • Other Exterior Features

    Balcony, Awning(s)

  • Parking

    Direct Access

  • Patio and Porch Features

    Covered, Deck, Front Porch

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Back Yard, Front Yard

  • Lot Size(acres)

    0.0651

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Bi Level

Price

  • Sales Price

    $123,900

  • Tax Amount

    907.0

  • Sq. Footage

    2, 700

  • Price/SqFt

    $45

HOA

  • Association

    No

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of Glen G Whitten , Ohio Property Group, LLC

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Agent TylierDawley

AGENT

TylierDawley

Call Tylier today to schedule a private showing.

(216) 526-4596

Tylier@VisionSalesTeam.com


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High-ROI Turnkey Duplex – Fully Occupied, 15% Cap Rate, Instant Cash Flow! Do you like checks in the mail every month? 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 $1,269/mo, generating $2,398/month - $28,776/year in gross rental income. At a purchase price of $129,000, that’s an impressive 15% capitalization rate with immediate positive cash flow. Both units have separate utilities, strong rental history, and is 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 before offers contingent on bank financing. $2K EMD. 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

1141 E 148th Street

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