11717 Gay AVE Cleveland, OH 44105
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,754 sqft
Price per Sqft $62
Subdivision Union Rice 02
MLS Listing ID 5220454
Bedrooms 8
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,754
Year Built 1930
Annual Tax Amount $2,458
Tax Year 2024
Lot Size 5,074 Sqft
Acres 0.1165
Property Sub-Type Duplex
Stories Two
Story Two
Property Description
Investors, take note: this massive duplex is built to perform. Each unit boasts 4 bedrooms, 1 bath, and over 1,300 square feet of comfortable living space — making it a rare find for cash flow in this market.
Here's where the numbers shine. CMHA pays as high as $1,661 for 4-bedroom units in the 44105 zip code, giving this property the potential to generate $3,322 per month in rental income. That kind of return doesn't just meet the 1% rule — it shatters it.
Both units have been recently renovated throughout and are completely rent-ready, so you can start collecting from day one. The property also offers onsite parking with a private driveway, adding convenience for tenants. Newer furnaces and hot water tanks provide added peace of mind and help reduce major mechanical concerns for the next owner. Seller is also offering a closing credit toward future roof replacement, adding flexibility and value for the buyer. With large unit layouts, strong rent potential, and recent updates, this duplex is a compelling opportunity for investors looking to add cash flow to their portfolio.
Properties like this don't come around often — and they don't stay on the market long. Reach out to your favorite realtor today before this cash cow is gone!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features Driveway, Paved
Fence Chain Link, Wood
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 137-14-064
NEARBY SCHOOL & BUSINESS
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Emily Shortall
Broker Associate, Agent | OH & WV | License ID: 2015000549,WV0029886