Cleveland Duplex with Two Income Streams and Recent Updates
A two-unit property offering diversified rent collection, recent interior work, and professional oversight.
This 4-bedroom, 2-bath property offers approximately 2,110 square feet and was built in 1925. The projected monthly rent is $2,200, with estimated monthly operating expenses of $760, producing projected net monthly income of $1,440. Based on the asking price of $184,500, the projected cap rate is 9.4%.
The property is currently tenant occupied, allowing income to begin immediately after closing. Professional property management is included or already arranged for a smoother transition.
The projected ROI of 11.4% combines the income profile with a conservative market appreciation assumption. Figures are estimates intended for listing presentation and should be independently verified during due diligence.
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ID No
1663 -
Sqft
2000
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