1747 E 70th Street, Cleveland, OH 44103
- $72,000
- 5
- BD
- 2
- BA
- Sold Price
- $72,000
- List Price
- $88,000
- Status
- CLOSED
- Days on Market
- 280
- Closing Date
- Sep 06, 2024
- MLS#
- 4506583
- Subtype
- Residential Income
- Year Built
- 1900
- Bedrooms
- 5
- Bathrooms
- 2
- Full Baths
- 2
- Acres
- 0.07
- Subdivision
- Streater & Adams
- Neighborhood
- Streater & Adams
- MLS Area Major
- Cleveland
Property Description
Located near the Agora and Cleveland Clinic main campus, This property is ready for tenants of your choosing. Cash flow is strong with market rents at or above $1800/mo total. previously rented at $850 & $800. The upstairs unit is 2 stories with 4 bedrooms and 1 bath. The lower unit has private access to the basement which makes both units feel like a townhome style. Updates include new furnaces, new hot water tanks, new carpet, paint, trim and a new roof, making all your big capx items already completely. Current taxes are only $769/ year! Assuming 8% property management, 5% maintenance and $700/year in insurance, your estimated NET income is over $15k/year offering the buyer a 17% cap rate. If you're looking for cash flow- this is it. Seller also has another duplex for sale & Will offer package pricing! Showings after submitted offer with supporting pof only.
Additional Information
- Appliances
- Range, Refrigerator
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Roof
- Asphalt, Fiberglass
- Parking Features
- Detached, Garage, Paved
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Gregory Erlanger, Info@EZSalesTeam.com With Keller Williams Citywide
Selling Office: Keller Williams Greater Metropolitan.Mortgage Calculator
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