Property Description

Turnkey cash-flowing 3-unit investment opportunity in Cleveland featuring two properties on one lot. The front building is a fully renovated duplex (2023) with both units occupied by reliable tenants, including Section 8 income for added stability. The upstairs unit rents for $1,170/month with a lease through March 2027, while the downstairs unit generates $1,310/month ($921 tenant + $389 Section 8) with a lease through April 2028. The rear single-family home is in good condition and rents for $900/month with a lease in place through 2028. Both the duplex and single-family home have newer furnaces and hot water tanks, minimizing near-term capital expenses. The property produces $3,380/month ($40,560 annually) in gross rental income and offers immediate cash flow with long-term tenants already in place. This is a low-maintenance, stabilized asset ideal for investors seeking consistent returns. Property is being sold as a package with a cash flowing duplex at1222 E 172nd St, Cleveland, OH 44119.

Property Features

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