414 E 147th ST Cleveland, OH 44110
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,092 sqft
Price per Sqft $69
Subdivision Lakeshore Blvd Allotment
MLS Listing ID 5237159
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,092
Year Built 1924
Annual Tax Amount $1,172
Tax Year 2025
Lot Size 4,373 Sqft
Acres 0.1004
Property Sub-Type Duplex
Stories Two
Story Two
Property Description
The property has several desirable updates and improvements already in place, including vinyl siding, vinyl windows, a younger roof, younger furnaces, younger hot water tanks, and updated electrical panels. With professional property management currently in place and both units occupied, this duplex offers immediate rental income with limited upfront repositioning needed.
The downstairs unit was recently leased for $875 per month on a 12-month lease through March 31, 2027. The upstairs unit is occupied by a long-term tenant of more than two years, currently paying $875 per month on a month-to-month lease and has kept pace with previous rent increases. Together, the units generate $1,750 per month in current gross rental income, making this an appealing option for investors seeking an already-performing asset.
Located in Cleveland with convenient access to I-90, Cleveland Clinic Euclid Hospital, and Humphrey Park, the property is also near major roads, public transportation, shopping, schools, parks, restaurants, and other everyday amenities.
Professional management in place and willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services available for remote
investors!
With established tenants, professional management, and several major property components already updated, this duplex is positioned as a solid addition to a rental portfolio! Schedule your showing now!
No wholesalers. No Seller financing. No low ball offers.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplace No
Laundry In Basement
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 112-20-083
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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Emily Shortall
Broker Associate, Agent | OH & WV | License ID: 2015000549,WV0029886