2609 Mapledale Avenue , Cleveland, OH 44109

$389,900
  • 2609 Mapledale Avenue , Cleveland, OH 44109 Main Photo
New to the Market Active
BEDS7 BATHS3 full SQUARE FEET3,749 MLS#5220828
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONFish Heirs Sub SCHOOLCleveland Municipal - 1809

Property Description

Welcome to this massive investment opportunity near the heart of Ohio City. This fully updated, 7-bedroom duplex perfectly positioned in one of Cleveland's hottest rental markets. The larger unit offers a spacious 5 bed/2 bath layout while the second unit features a comfortable 2 bed/1 bath, giving you maximum flexibility whether you're a pure investor or an owner-occupant looking to have your mortgage largely covered by rental income. Both units have been comprehensively renovated from top to bottom, featuring updated plumbing, electrical, kitchens, and bathrooms, along with new carpeting and fresh interior and exterior paint ? meaning no deferred maintenance, no headaches, just move-in ready units primed to attract quality tenants. Based on current Ohio City market data, the 5-bedroom unit is projected to rent for $2,400$2,800/month and the 2-bedroom unit for $1,100$1,300/month, putting your combined gross rental income at an estimated $3,500$3,700/month ? or up to $44,400 annually. The potential for higher cashflow is also there as a short-term rental, as well, especially if you wanted to use the property as an airbnb or padsplit rental. With proximity to downtown, the West Side Market, top dining and nightlife, and major employers keeping vacancy low and rents rising. Whether you're building a portfolio or looking to live well while your tenant pays the bills, this duplex delivers on every front. Don't sleep on this one. Schedule your private tour today.

2609 Mapledale Avenue | MLS# 5220828

This multi-family property located at 2609 Mapledale Avenue , Cleveland, OH 44109 is currently listed for sale with an asking price of $389,900. Mapledale Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.mcrealestateohio.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: None
Heating: Baseboard, Other
Lot Size: 0.17 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $2,807 / year
Year Built: 1910

Feature Descriptions

Exterior: Wood Siding
Parcel#: 015-20-111
Parking: Off Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Listed By / Shown By

Listed By

Agency Name: Lokal Real Estate, LLC.
Agency Contact: 216-252-6580, marketing@lokalrealestate.com

Shown By

Agency Title: M.C. Real Estate
Agency Phone: (330) 723-9911

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Estimated Payment

$ 1,215.39 per month $867.75 Principal & Interest $233.92 Property Tax $113.72 Homeowner's Insurance

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