6904 Lawn Avenue, Cleveland, OH 44102

Property Description

Turnkey investment opportunity in the heart of Cleveland’s rapidly growing Cudell neighborhood! Located at 6904 Lawn Ave, Cleveland, OH 44102, this fully renovated duplex sits in one of Cleveland’s hottest up-and-coming areas, just minutes from Ohio City, Lakewood, and all the restaurants, shopping, and entertainment these vibrant neighborhoods have to offer. The property also provides easy access to downtown Cleveland and major highways, making it an attractive location for tenants seeking convenience and connectivity. This property has been renovated from top to bottom, offering investors long-term peace of mind with major improvements already completed. Updates include a brand new roof (2024), newer furnaces for both units (2024), newer hot water tanks, fresh paint throughout (2024), new windows in the downstairs unit, new luxury vinyl plank flooring, and refinished hardwood floors. These upgrades significantly reduce near-term capital expenses while improving tenant appeal. Both units are currently tenant occupied, providing immediate cash flow from day one. The downstairs unit is month-to-month at $895 per month, while the upstairs unit is leased through 8/31/2026 at $920 per month, generating $1,815 per month in current rental income. At the current asking price this already represents solid returns, with additional upside available through rent increases. Market rents in the area suggest potential income of approximately $2,400 per month, which would further increase both property value and long-term cash flow. Whether you're looking to expand your Cleveland rental portfolio or secure a stabilized duplex in a rapidly appreciating neighborhood, 6904 Lawn Ave offers strong fundamentals, reliable income, and future upside potential. Reach out to your favorite Realtor today to schedule a showing or learn more—opportunities like this don’t last long!