3554 E 113th StreetCleveland, OH 44105

Property Description

This duplex is a strong opportunity for investors looking to add a cash-flowing property with upside potential to their portfolio! Each unit offers 2 beds and 1 bath, featuring spacious living rooms, functional kitchens, and a basement that provides additional storage space or future value add possibilities. The lower unit is currently occupied by a Section 8 tenant paying $1,100/mo, providing immediate built-in income from day one. Market rents in the area are estimated around $1,200/mo, creating additional rental growth potential over time. The upper unit is close to move-in ready and requires only light finishing touches, giving investors the opportunity to quickly place a new tenant and maximize cash flow. Recent updates throughout the property help reduce upfront renovation costs and improve long-term investment appeal. The lower unit features updated LVP flooring extending into the bathroom along with a newer vanity, while the upper unit kitchen and bathroom have both been updated with durable LVP flooring. Newer hot water tank (2023), adding value to the property's mechanical systems. Located in Cleveland, minutes from Washington Reservation, Garfield Park Reservation, and Morgana Run Trail, with convenient access to major roads, public transportation, parks, schools, shopping, dining, and all local amenities. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! With solid rental potential, recent improvements already completed, and limited work needed to finish the upstairs unit, this property presents an excellent opportunity for both seasoned and newer investors seeking steady income and long-term appreciation! Schedule your showing now! No wholesalers. No Seller financing. No low ball offers.

Property Features

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