16304 Nela View Road, East Cleveland, OH 44112
- $169,500
- 6
- BD
- 2
- BA
- 2,042
- SqFt
- Sold Price
- $169,500
- List Price
- $160,000
- Status
- CLOSED
- Days on Market
- 50
- Closing Date
- May 29, 2026
- MLS#
- 5200280
- Subtype
- Residential Income
- Year Built
- 1924
- Bedrooms
- 6
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,042
- Acres
- 0.10
- Subdivision
- Euclid-Noble Dev Cos 01
- Neighborhood
- Euclid-Noble Dev Cos 01
- MLS Area Major
- East Cleveland
Property Description
Turnkey investment opportunity CURRENTLY generating $33K in rents each year!!! This well-maintained multifamily duplex is the perfect addition to any investor’s portfolio. Both units are currently occupied with reliable Section 8 tenants, offering immediate and consistent cash flow. Each unit features 3 spacious bedrooms and 1 full bathroom, providing comfortable living space for tenants. The property has been updated and is in great condition, minimizing the need for immediate repairs or renovations. Current rental income is strong, with one unit generating $1,329/month and the other $1,415/month. This best the 1% Rule and provides more than a 10-CAP. Whether you're a seasoned investor or just getting started, this income-producing property is a solid, hassle-free opportunity you won’t want to miss! Can be sold as a package deal! (5200289), (5200292), (5200294)
Additional Information
- Taxes
- $1,266
- Heating
- Forced Air
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Shingle
- Parking Features
- Driveway, On Street
- School District
- East Cleveland CSD - 1812
Listing Courtesy of: Jullian Vaughn, jullian@premierheights.com With Premier Heights Realty LLC
Selling Office: RE/MAX Infinity.Mortgage Calculator
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