Property Description

Rare opportunity to acquire a large, fully renovated side-by-side multifamily in a prime Cleveland Heights location directly across from Cain Park. This spacious property features two expansive units totaling 8 bedrooms and 6 bathrooms, offering strong rental demand and exceptional income potential. The property underwent a major renovation in 2020, including a complete interior rehabs, providing low-maintenance ownership and modernized living spaces. Currently tenant occupied with leases in place, generating $1,595 (subsidized) and $1,739 per month for a total gross monthly income of $3,334 ($40,008 annually). Roof was replaced circa 2019/2020 by previous ownership. Tenants pay gas and electric, while the owner covers water and sewer. Additional features include a three-car garage located on the side street, a highly desirable location in the heart of Cleveland Heights, and strong long-term rental stability. Point of Sale is substantially compliant with only one weather-related exterior item remaining. Seller will escrow funds for completion with an acceptable offer. Ideal for investors seeking a fully renovated, high-income asset in a premium location with long-term appreciation potential. Call your favorite agent today before this one is gone! DO NOT DISTURB CURRENT TENANTS.

Property Features

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