7812 Elton AVE Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44102
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,604 sqft
Price per Sqft $93
Subdivision James M Hoyts Sub/Part/Origin
MLS Listing ID 5139618
Bedrooms 4
Full Baths 2
Year Built 1890
Annual Tax Amount $1,843
Tax Year 2024
Lot Size 4,408 Sqft
Property Sub-Type Duplex
Property Description
***Open house Sunday, July 27, from 12-2pm***
Are you looking for your next investment property? This one checks all the boxes! Just down the street from the hottest part of Detroit Shoreway and Battery Park. Fully occupied with guaranteed govt income coming in every month. Both tenants are part of the Cleveland Housing Network Program, and the city pays 100% of each tenants' $1,270 rent each month (owner pays all utilities). Thats $2,540 of guaranteed income every month. PITI would be right around $1,000 per month so this would cashflow close to $1,500 per month (excluding utilities, cap ex, vacancy, PM)! Recently rehabbed with updates including new vinyl windows, new LVP flooring, new tub surrounds, so nothing to do but collect your rent checks every month. There aren't many investments out there like this one.
Location
State OH
County Cuyahoga
Interior
Heating Baseboard,Forced Air
Cooling None
Exterior
Parking Features Garage
Garage Spaces 3.0
Garage Description 3.0
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Special Listing Condition Standard