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16304 Nela View Road, East Cleveland, OH 44112

$160,000
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Status - Active
6BEDS 2 fullBATHS 2,042SQUARE FEET 5200280MLS# Euclid-Noble Dev Cos 01SUBDIVISION East Cleveland CitySCHOOL

Home Value Estimate


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...read more

Features

  • None
  • Forced Air
  • 2.0 Stories
  • $1,266 / year Taxes
  • Public
  • Built in 1924