Property Description

Strong investment opportunity in a desirable Parma neighborhood known for consistent rental demand and long-term appreciation. This fully renovated duplex is fully occupied with long term tenants and generating $1,955 per month in rental income, providing immediate, stable cash flow from day one. The property was taken down to the studs by the current owner and features all new interior finishes along with updated mechanicals, electrical, and plumbing systems, minimizing deferred maintenance concerns. There is also clear upside with for rent increases, along with additional value-add potential from the partially finished third floor to expand bedroom count to capture even higher rents in the upper unit and overall property value. Located in a strong rental area with convenient access to shopping, dining, and major highways. Seller is highly motivated and willing to offer concessions toward buyer closing costs or rate buydown. Ideal for investors looking to acquire a turn-key asset with built-in upside. Professional property management resources are available for out of state investors, including leasing coordination, marketing support, tenant communication, maintenance, and repair resources. For buyers looking to grow their Cleveland rental portfolio or acquire an income-producing asset with cash flow already in place, this property is positioned to offer a more streamlined ownership experience for out-of-state investors. Full financial analysis available upon request. Schedule your showing today.

Property Features

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