Investor Opportunity in Desirable Garfield Heights 11.94% Cash-on-Cash Return
Welcome to this newly updated side-by-side duplex located in one of Garfield Heights' most sought-after neighborhoods. Each unit offers a spacious and functional layout with 3 bedrooms and 1.5 bathrooms per side, making this a highly desirable property for long-term tenants.
This property is a true turnkey investment with stable tenants already in place, allowing you to step right into immediate cash flow from day one. Both units have been thoughtfully updated, minimizing near-term capital expenses and maximizing rental appeal.
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Conveniently
...read more located close to shopping, dining, schools, public transportation, and major commuter routes, tenants enjoy easy access to all essential amenities, further strengthening long-term occupancy and demand.Investment Highlights ? Asking price $269,900 ? Monthly rents collected $3,190Monthly operating expenses ? Property management $191 ? Property taxes $417 ? Insurance $81 ? Utilities $300 ? Vacancy reserve $160 ? Maintenance reserve $160Total operating expenses $1,308 per monthMonthly NOI $1,882Monthly cash flow $586Annual cash flow $7,043Cash-on-cash return 11.94%.With strong numbers, solid tenants, and an excellent location, this duplex checks all the boxes for investors seeking a reliable, income-producing asset.Dont miss your chance to own a high-performing multifamily property in a prime Cleveland-area suburb.