6 Beds
4 Baths
2,508 SqFt
6 Beds
4 Baths
2,508 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,508 sqft
Price per Sqft $107
Subdivision Field Gardens
MLS Listing ID 5185567
Bedrooms 6
Full Baths 2
Half Baths 2
HOA Y/N No
Abv Grd Liv Area 2,508
Year Built 1965
Annual Tax Amount $4,954
Tax Year 2025
Lot Size 7,801 Sqft
Acres 0.1791
Property Sub-Type Duplex
Property Description
Welcome to this newly updated side-by-side duplex located in one of Garfield Heights' most sought-after neighborhoods. Each unit offers a spacious and functional layout with 3 bedrooms and 1.5 bathrooms per side, making this a highly desirable property for long-term tenants.
This property is a true turnkey investment with stable tenants already in place, allowing you to step right into immediate cash flow from day one. Both units have been thoughtfully updated, minimizing near-term capital expenses and maximizing rental appeal.
Some photos may be virtually staged
Conveniently located close to shopping, dining, schools, public transportation, and major commuter routes, tenants enjoy easy access to all essential amenities, further strengthening long-term occupancy and demand.
Investment Highlights
• Asking price $269,900
• Monthly rents collected $3,190
Monthly operating expenses
• Property management $191
• Property taxes $417
• Insurance $81
• Utilities $300
• Vacancy reserve $160
• Maintenance reserve $160
Total operating expenses $1,308 per month
Monthly NOI $1,882
Monthly cash flow $586
Annual cash flow $7,043
Cash-on-cash return 11.94%.
With strong numbers, solid tenants, and an excellent location, this duplex checks all the boxes for investors seeking a reliable, income-producing asset.
Don't miss your chance to own a high-performing multifamily property in a prime Cleveland-area suburb.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Garage, Off Street
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Garfield Heights Csd - 1815
Others
Tax ID 541-30-025
Special Listing Condition Standard
Schools and Properties Nearby