Description
Near downtown/Near the Lake. HIGH CAP RATE AND GREAT ROI investment opportunity in the highly desirable SUPERIOR-PAYNE area of Cleveland where recent sales of single-unit condos have topped $150,000. Uniquely styled up & down two-family home. Each unit has a separate front/back entrances, 2 bedrooms/1 baths, living room, dining room, and kitchen. The property has a potential cash flow of $21,000.00+ per year. Taxes are $484 PER YEAR! Needed repairs estimated at $6,000 but priced right w/ loads of potential. Located on the public transportation line (highly attractive to tenants) and is less than a mile from University Circle. This area is well-known for attracting graduate and medical school students as tenants. The cash flow, location, low taxes, and rising property values in this area make this a can't miss investment opportunity!
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4BEDS
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0.09ACRES
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2BATHS
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01/2 BATHS
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2,616SQFT
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$15$/SQFT
Listing information © 2021 YES-MLS.
Description
Near downtown/Near the Lake. HIGH CAP RATE AND GREAT ROI investment opportunity in the highly desirable SUPERIOR-PAYNE area of Cleveland where recent sales of single-unit condos have topped $150,000. Uniquely styled up & down two-family home. Each unit has a separate front/back entrances, 2 bedrooms/1 baths, living room, dining room, and kitchen. The property has a potential cash flow of $21,000.00+ per year. Taxes are $484 PER YEAR! Needed repairs estimated at $6,000 but priced right w/ loads of potential. Located on the public transportation line (highly attractive to tenants) and is less than a mile from University Circle. This area is well-known for attracting graduate and medical school students as tenants. The cash flow, location, low taxes, and rising property values in this area make this a can't miss investment opportunity!
Listing information © 2021 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Keller Williams Chervenic Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-02-26T00:07:51.103.