3524 E 138th ST Cleveland, OH 44120
4 Beds
2 Baths
2,847 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,847 sqft
Price per Sqft $57
Subdivision Pleasant View Allotment #2
MLS Listing ID 5132719
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,898
Year Built 1918
Annual Tax Amount $624
Tax Year 2023
Lot Size 5,998 Sqft
Acres 0.1377
Property Sub-Type Duplex
Property Description
This beautifully remodeled duplex offers a fantastic opportunity for investors or owner-occupants alike. The property features two fully leased units with updated finishes and excellent natural lighting throughout.
• Upstairs Unit: Currently tenant-occupied with a lease expiring July 31st of this year, offering near-term potential to adjust rent to market rates.
• Downstairs Unit: Occupied by a Section 8 tenant with a lease expiring September 30th of this year. There is significant room for a rental increase upon recertification or renewal. The unit benefits from stable, government-backed income and strong long-term tenancy potential.
Recent renovations ensure low-maintenance ownership and increased appeal to quality tenants. With both leases ending this year, the property presents an excellent opportunity to boost cash flow and realize long-term value.
Don't miss your chance to own this turn-key, income-producing property with immediate upside potential.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Asbestos Shingle
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 137-05-015
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Realtor® Associate | License ID: FL-3478941 OH-417005