Debi Gulling
REALTOR®, Certified Sales Professional
BEDS6
BATHS2 full 1 partial
MLS#5251579
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFord & Holdens Sub
SCHOOLEast Cleveland City
Property Description
FANTASTIC INVESTMENT Opportunity IN 44106! This 6-bed, 3-bath corner duplex combines MAJOR improvements with serious income potential. Nearly $50K invested in RENOVATIONS within the past year means substantial work has already been completed, including new flooring, drywall repairs, paint, remodeled kitchens with new appliances and updated bathrooms, just to name a few! The roof and all mechanicals are in GREAT working order. The numbers are just as attractive... nearly $50,000 IN POTENTIAL GRI! CMHA offers $2113/month (=$50,712/year) for a 3-bedroom in 44106. This property more than BEATS the 1% Rule and 10-CAP requirement. For investors looking to minimize upfront renovation costs while maximizing rental-income potential, this is one to put on the radar. Updated property. Strong GRI potential. Built for the portfolio. LOCATION! LOCATION! LOCATION! Conveniently situated just minutes from Cleveland Clinic Main Campus, University Hospitals, Case Western Reserve University, University Circle, Cleveland Museum of Art, Little Italy, and Downtown Cleveland, this is the PERFECT property for CASE STUDENTS who pay $700+ per bedroom. And... with so much new development and construction happening in the neighborhood, the property values should continue to go UP and UP!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $1,206 / year
Year Built: 1910
Feature Descriptions
Exterior: Aluminum Siding
Parcel#: 120-07-062
Parking: On Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: East Cleveland City
Listed By / Shown By
Listed By
Agency Name: Premier Heights Realty LLC
Agency Contact: 216-860-0005, sophie@premierheights.com
Shown By
Agent Name: Debi Gulling
Agent Phone: (330) 324-0268
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 1,607.47 per month $1,413.64 Principal & Interest $100.50 Property Tax $93.33 Homeowner's InsuranceChange Payment Information
Debi Gulling
Cell: (330) 324-0268
Email Me
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1390 E 109th Street | MLS# 5251579
This multi-family property located at 1390 E 109th Street, Cleveland, OH 44106 is currently listed for sale with an asking price of $320,000. E 109th Street is located within the East Cleveland City school district. Search Cleveland real estate on dgulling.dehoff.com today.