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16304 Nela View RD East Cleveland, OH 44112
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Key Details
Sold Price $169,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,042 sqft
Price per Sqft $83
Subdivision Euclid-Noble Dev Cos 01
MLS Listing ID 5200280
Sold Date 05/29/26
Bedrooms 6
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,042
Year Built 1924
Annual Tax Amount $1,266
Tax Year 2025
Lot Size 4,321 Sqft
Acres 0.0992
Property Sub-Type Duplex
Stories Two
Story Two
Property Description
Turnkey investment opportunity CURRENTLY generating $33K in rents each year!!! This well-maintained multifamily duplex is the perfect addition to any investor's portfolio. Both units are currently occupied with reliable Section 8 tenants, offering immediate and consistent cash flow. Each unit features 3 spacious bedrooms and 1 full bathroom, providing comfortable living space for tenants.
The property has been updated and is in great condition, minimizing the need for immediate repairs or renovations. Current rental income is strong, with one unit generating $1,329/month and the other $1,415/month. This best the 1% Rule and provides more than a 10-CAP.
Whether you're a seasoned investor or just getting started, this income-producing property is a solid, hassle-free opportunity you won't want to miss!
Can be sold as a package deal! (5200289), (5200292), (5200294)
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Driveway, On Street
Water Access Desc Public
Roof Type Shingle
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 673-17-043
Financing Conventional
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Bought with Samuel Houk • RE/MAX Infinity
NEARBY SCHOOLS & BUSINESSES
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