Brick duplexSpacious family livingFormal dining roomCentral acWell-equipped kitchen
Cleveland Heights brick duplex, with rare 3-bedrooms per side and a potential annual GRI of $50K, is just a few miles from Case Western Reserve University and both The Cleveland CLinic's and University Hospital's main campuses!!! This well-maintained investment property offers immediate cash flow with both units currently occupied and month-to-month. This side-by-side duplex features similar layouts in each unit, with a spacious family living, formal dining room, and well-equipped kitchen, as well as 1 of the 3 bedrooms and the half bath on the 1st floor and two additional bedrooms and the full bathroom upstairs. One of the units has CENTRAL AC, which could easily be added to the other unit, as well. Each unit also enjoys its own private basement, with laundry hook-up and plenty of storage and has enough room to add a family room. Additionally, this property has been given many updates recently, including: new roof and gutters (2023), new furnaces (both in 2024), and some electrical updates (2025) .... Current long-term tenants are month-to-month. CMHA sets monthly rent for a 3-bedroom in 44121 at $2067 per month, which would generate approximately $50,000 annually in GRI. This property EASILY beats the 1% Rule and 10-cap requirement. So, if you are looking to househack as an owner-occupant, or add a stress-free property to your rental portfolio, this property is FOR YOU!
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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