12709 Locke Avenue, Cleveland, OH 44108

Property Description

Investment Opportunity in Cleveland, OH! Welcome to 12709 Locke Ave, Cleveland, OH 44108 — a fantastic duplex offering incredible cash flow potential! Located in Cleveland's Glenville neighborhood, this area is part of a $10 million Cleveland Land Bank Revitalization program that supports home construction and renovations. This spacious 2,315 sq. ft. property features two well-maintained units, each with 2 bedrooms and 1 bathroom. With updated plumbing and electrical systems, a brand new hot water tank, and fresh paint throughout both units, this property is truly move-in ready. The income potential here is outstanding. The downstairs unit already has a tenant moving in on April 1, 2025, at $800 per month on a month-to-month lease. The upstairs unit is currently vacant, and the Section 8 average rent for this zip code is $1,129 per month. With both units rented, this property easily exceeds the coveted 1% rule — approaching a 1.5% monthly return on your investment! Don’t miss out on this high-performing asset in a growing Cleveland neighborhood. Schedule your showing today and start building your portfolio with this income-generating gem! For more details or to arrange a viewing, contact your favorite realtor today!