Jan Kremer
REALTOR®, Broker/Owner, ABR, CSP, SMRS, SFR
BEDS7
BATHS2 full
SQUARE FEET3,331
MLS#5241167
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONGeorge Whitneys Sub
SCHOOLCleveland Municipal - 1809
Property Description
***OFFER DEADLINE THURSDAY, SEPTEMBER 17TH, 12:00 PM *** Excellent investment opportunity with immediate cash flow! This fully occupied Cleveland multifamily features two spacious 3-bedroom, 1-bath units generating a combined $2,803 per month and $33,636 in annual gross rental income. The downstairs unit is leased to a cash-paying tenant at $1,250 per month on a one-year lease and features new carpet throughout, newer windows, and a refrigerator and stove. The upstairs unit is occupied by a long-term Section 8 tenant paying $1,553 per month and also offers 3 bedrooms, 1 full bath, newer windows, refrigerator, and stove. Additional improvements include two new water heaters, select electrical and plumbing updates, and glass block basement windows. With both units already occupied and producing income, this is a great opportunity for an investor looking to add a solid, income-producing multifamily property to their portfolio. Convenient Cleveland location with access to shopping, dining, major roadways, and Downtown Cleveland. Add this cash-flowing property to your portfolio today!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.12 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $937 / year
Year Built: 1900
Feature Descriptions
Days on Site: 2
Exterior: Wood Siding
Fencing: Chain Link
Laundry: Common Area
Parcel#: 106-02-019
Parking: No Garage, Paved
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: EXP Realty, LLC.
Agency Contact: nour@chehadegroup.com, 216-856-1760
Shown By
Agent Name: Jan Kremer
Agent Phone: (330) 697-8797
Agency Title: Kremer Realty, Inc
Estimate Your Payment
Estimated Payment
$ 553.84 per month $420.63 Principal & Interest $78.08 Property Tax $55.13 Homeowner's InsuranceChange Payment Information
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1352 Giddings Avenue | MLS# 5241167
This multi-family property located at 1352 Giddings Avenue, Cleveland, OH 44103 is currently listed for sale with an asking price of $189,000. Giddings Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on jan.kremerrealty.com today.