Property
Beds
4
Full Baths
2
1/2 Baths
None
Year Built
1916
Sq.Footage
1,992
Major value-add duplex opportunity in East Cleveland featuring two 2-bedroom, 1-bath units, each offering a traditional layout with living room, dining room, and kitchen. The property has sustained significant water damage due to burst pipes and requires a full renovation. This is a substantial project suited for experienced investors prepared to complete a comprehensive rehab. Once restored, renovated duplexes in the area are supporting values of $150,000 or more. Estimated renovation costs are approximately $80,000, presenting an opportunity to create equity through improvements. For investors evaluating long-term rental strategy, current CMHA payment standards for two-bedroom units in the 44112 zip code are approximately $1,050 per unit per month. Upon full rehabilitation and approval for occupancy, the property has the potential to generate gross annual rental income exceeding $25,000 based on two units. The property is being sold as-is. Due to the condition of the home, liability waivers will be required prior to entry. Cash or renovation financing only. Seller will not permit assignment of the contract. Serious, qualified investors encouraged to inquire.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
2
-
Above Grade Finished Area
996.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Wood Siding
-
Parking
Other
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.0892
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$40,000
-
Tax Amount
$1,435
-
Sq. Footage
1, 992
-
Price/SqFt
$20
HOA
-
Association
No
School District
-
Elementary School
East Cleveland CSD - 1812
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Foundation Details
Block
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
East Cleveland CSD - 1812
Middle School
High School
Listing Courtesy of Megan Gordon , Keller Williams Citywide
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