Turn-Key Side-by-Side Duplex 11.5% Cash-on-Cash Return
Well maintained side by side duplex ideally located in Cleveland near the border of Garfield Heights, an area popular with renters due to easy access to transportation, shopping, the Cleveland Metroparks walking area, and close proximity to downtown Cleveland. Each unit features an open and functional layout with 3 bedrooms and 1 bathroom.
This is a true turnkey investment that has been consistently cared for. Both units are occupied by long-term tenants with a strong payment history, providing immediate and reliable cash flow from day one.
Investment Highlights
Asking price $210,000
Monthly
...read more rent collected $2,475Monthly operating expensesProperty management $200Property taxes $245Insurance $80Utilities $250Vacancy reserve $90Maintenance reserve $85Total operating expenses $950 per monthMonthly NOI $1,521Cash-on-cash return 11.5 percent.Strong in-place income, solid tenants, and a desirable location make this a reliable cash-flowing asset.Turn-key duplex that investors can buy and hold with confidence.Some photos may be virtually staged