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For Sale Duplex

16304 Nela View Road, East Cleveland, OH

16304 Nela View Road, East Cleveland, OH, 44112
$160,000

Property Details

6 Bedrooms
2 Bathrooms
2,042 Sq Ft
Duplex

Description

Turnkey investment opportunity CURRENTLY generating $33K in rents each year!!! This well-maintained multifamily duplex is the perfect addition to any investor’s portfolio. Both units are currently occupied with reliable Section 8 tenants, offering immediate and consistent cash flow. Each unit features 3 spacious bedrooms and 1 full bathroom, providing comfortable living space for tenants.The property has been updated and is in great condition, minimizing the need for immediate repairs or renovations. Current rental income is strong, with one unit generating $1,329/month and the other $1,415/month. This best the 1% Rule and provides more than a 10-CAP.Whether you're a seasoned investor or just getting started, this income-producing property is a solid, hassle-free opportunity you won’t want to miss!Can be sold as a package deal! (5200289), (5200292), (5200294)

Property Information

Address 16304 Nela View Road
City East Cleveland
State OH
Zip Code 44112
Price $160,000
Property Type Residential Income
Listing Type Duplex
Bedrooms 6
Bathrooms 2
Area 2,042 Sq Ft

Location

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