3909 Memphis Avenue
Cleveland, OH 44109

Listed at $289,000

Details

  • MLS# 5123525
  • Multi Unit - Multiple
  • Status Active
  • 5 Bedrooms
  • 2 full Bathrooms
  • 2,354 Square Feet
  • 0.097 acres
  • Built in 1925
  • Cleveland Municipal - 1809 Local Schools
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Description

Turnkey FURNISHED duplex in Old Brooklyn! (inspection report under supplements) Ideal for a house hack or high yield investment. The upper unit is now vacant, giving investors or owner occupants a great house hacking opportunity. Live in one unit while collecting rent from the other. The lower unit is currently leased at $1,600 per month with utilities included, and a qualified tenant is ready to lease the upper at $1,750 per month with utilities included, bringing potential income to $3,350 per month or more. Because the property is fully furnished and minutes from MetroHealth Hospital, it is also an excellent candidate for short term or...read more midterm rentals where income could exceed that figure. It previously operated as a successful Airbnb. This updated duplex features secure entry, automated locks, and private supply closets, making management simple for both long term and furnished rentals. The upper unit is set up as a three bedroom with a flexible bonus space that can be enclosed to add even more value. Both units have been completely renovated with new flooring, windows, kitchens, bathrooms, drywall, insulation, trim, doors, and appliances. You will also find central air, a security system with video doorbell and remote access, and a concrete pad ready for a future garage build. All furnishings are included at the current offer price, making this a true turnkey investment in one of Clevelands strongest rental areas. Minutes from the Cleveland Metroparks Zoo, Brookside Reservation, the Memphis Fulton corridor, downtown Cleveland, and MetroHealths main campus. Whether you are looking for steady long-term cash flow, short term rental upside, or a house hack opportunity, this property checks every box.

Features

  • Dishwasher
  • Microwave
  • Range
  • Refrigerator
  • Central Air
  • Forced Air, Gas
  • 2.0 Stories
  • $2,270 / year Taxes
  • Public
  • Built in 1925
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Basement: Full
  • Basement: Yes
  • Cooling: Central Air
  • Days on Site: 298
  • Exterior: Aluminum Siding
  • Heating: Forced Air, Gas
  • Laundry: In Basement
  • Lot Size: 0.10 Acres
  • Parcel#: 014-14-014
  • Parking: Driveway, Detached, Garage
  • Roof Type: Asphalt, Fiberglass
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $2,270 / year
  • Water: Public
  • Year Built: 1925