1141 E 148th ST Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44110
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $47
MLS Listing ID 5148359
Style Bi-Level
Bedrooms 5
Full Baths 2
Half Baths 1
Year Built 1919
Annual Tax Amount $907
Tax Year 2024
Lot Size 2,835 Sqft
Property Sub-Type Single Family Residence
Property Description
High-ROI Turnkey Duplex – Fully Occupied, 15% Cap Rate, Instant Cash Flow!
Do you like checks in the mail every month? Rare opportunity for real estate investors! This income-producing duplex is fully rented with stable, long-term tenants. Upstairs unit rents for $1,129/mo and downstairs for $1,269/mo, generating $2,398/month - $28,776/year in gross rental income.
At a purchase price of $129,000, that's an impressive 15% capitalization rate with immediate positive cash flow. Both units have separate utilities, strong rental history, and is located close to shopping, dining, schools, and major highways. Perfect for buy-and-hold investors, 1031 exchange buyers, and cash-flow seekers. Low-maintenance investment property in a market with rising rents—add this turnkey rental property to your portfolio today!
WHEN OFFERING: Proof of funds required. Cash offers will be considered before offers contingent on bank financing. $2K EMD.
Cash Flow, ROI, Below Market, Handyman Special, rehab, as-is, motivated seller, must sell, relocation, estate sale, foreclosure, short sale, investment property, income property, developing area, high growth area, potential, add value
Location
State OH
County Cuyahoga
Interior
Heating Gas
Cooling None
Fireplaces Type None
Exterior
Exterior Feature Awning(s),Balcony
Parking Features Direct Access
Roof Type Asphalt
Building
Lot Description Back Yard,Front Yard
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Special Listing Condition Standard