Are you in search of a profitable real estate investment opportunity in Cleveland? Look no further! We are delighted to present to you a fantastic Cleveland duplex for sale, which could be the perfect addition to your investment portfolio. This property offers multiple benefits, including a great location, excellent condition, and significant income potential.
Located in a highly sought-after area, this four-suite apartment unit is situated in a prime location in Cleveland. With easy access to amenities such as schools, parks, shopping centers, and transportation, this property is sure to attract a wide range of potential tenants. Its convenient location also ensures a consistent demand for rental properties, making it a great opportunity for long-term income generation.
The duplex itself is in nice condition, with well-maintained interiors and exteriors. This means that as an investor, you can expect minimal renovation or repair costs, allowing you to start generating income right away. The units are spacious and designed to offer comfortable living spaces for tenants, ensuring high occupancy rates and long-term tenancies.
Currently, three out of the four units are occupied, demonstrating the property’s attractiveness to potential tenants. This not only guarantees immediate rental income but also indicates the high demand for housing in the area. With a solid rental history, you can rest assured that this property has a proven track record of providing reliable income.
One of the most appealing aspects of this Cleveland duplex is its income-generating potential. As an investor, you can expect a steady stream of rental income, which can contribute significantly to your financial goals. With three units already occupied, you can start earning returns on your investment from day one. Additionally, the fourth unit offers the opportunity for further income growth or the option to live in it yourself while managing the property.
However, the benefits don’t stop at this duplex alone. In fact, this property is part of a comprehensive portfolio package that includes a total of 16 homes (both single-family and multi-family units) with a combined total of 28 units. This portfolio package presents an even greater opportunity for investors looking to expand their real estate holdings. By acquiring the entire package, you can benefit from economies of scale, increased diversification, and potentially higher returns.
The total portfolio asking price for this incredible investment opportunity is $1,038,000. The package includes addresses such as 10301 Reno Ave, 12925 Watterson Ave, 3115 E 98th St, 3402 E. 110th St, 3250 E. 123rd St, 13200 Horner Ave, 919 E 143rd St, 13313 Ferris Ave, 12815 Ferris Ave, 3610 E. 149th St, 3895 E 147th St, 3297 E. 147th St, 3610 E. 147th St, 7715 Force Ave, 3477 E. 119th St, and 4755 Blythin Rd in Garfield Heights.
In conclusion, this Cleveland duplex for sale is an excellent opportunity for investors seeking a profitable real estate venture. With its great condition, high rental demand, and existing tenant occupancy, this property offers immediate and consistent income generation potential. Furthermore, the option to purchase the entire portfolio package of 16 homes provides even more advantages to investors, allowing for increased diversification and potential for higher returns. Don’t miss out on this fantastic investment opportunity in Cleveland!
3477 E 119th Street, Cleveland, OH 44120