Listed By
Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: sasha.sample@cbschmidtohio.com, 330-807-8384
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
Turnkey duplex investment opportunity in Cleveland with strong cash flow potential. The property features major recent updates including new siding, a new back deck, and a fully updated upstairs unit interior. The first-floor unit is occupied by a long-term tenant currently paying $700/month on a month-to-month lease, offering flexibility for investors. Market rents for the first-floor unit are estimated at $1,000$1,100/month. The upstairs unit is vacant and recently updated, with projected rents around $800$900/month. With pro forma rents approaching $2,000/month, this property presents a strong cash-flow opportunity and meets the criteria many investors look for when building a buy-and-hold rental portfolio. Ideal for house hackers, owner-occupants, or investors seeking a performing duplex with strong upside, easily clearing the 1% rule once the upstairs unit is rented. Don't miss out on this great opportunity to add a cash-flowing Cleveland rental property to your portfolio.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: None
Days on Market: 2
Garage: 2
Heating: Forced Air, Gas
Lot Size: 0.12 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $1,238 / year
Year Built: 1900
Feature Descriptions
Exterior: Aluminum Siding, Vinyl Siding
Parcel#: 132-22-064
Parking: Driveway, Detached, Garage, On Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 723.65 per month $585.48 Principal & Interest $103.17 Property Tax $35.00 Homeowner's InsuranceChange Payment Information
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4067 E 57th Street | MLS# 5191234
This multi-family property located at 4067 E 57th Street, Cleveland, OH 44105 is currently listed for sale with an asking price of $120,000. E 57th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.cutlerhomes.com today.