3524 E 138th ST new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44120
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,847 sqft
Price per Sqft $60
Subdivision Pleasant View Allotment #2
MLS Listing ID 5132719
Bedrooms 4
Full Baths 2
Year Built 1918
Annual Tax Amount $624
Tax Year 2023
Lot Size 5,998 Sqft
Property Sub-Type Duplex
Property Description
Recently Remodeled Duplex – Great Investment Opportunity
This beautifully remodeled duplex offers a fantastic opportunity for investors or owner-occupants alike. The property features two fully leased units with updated finishes and excellent natural lighting throughout.
• Upstairs Unit: Currently tenant-occupied with a lease expiring July 31st of this year, offering near-term potential to adjust rent to market rates.
• Downstairs Unit: Occupied by a Section 8 tenant with a lease expiring September 30th of this year. There is significant room for a rental increase upon recertification or renewal. The unit benefits from stable, government-backed income and strong long-term tenancy potential.
Recent renovations ensure low-maintenance ownership and increased appeal to quality tenants. With both leases ending this year, the property presents an excellent opportunity to boost cash flow and realize long-term value.
Don't miss your chance to own this turn-key, income-producing property with immediate upside potential.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Exterior
Parking Features Off Street
Roof Type Asbestos Shingle
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard