If you are looking for a lucrative real estate investment in Cleveland, Ohio, then this Cleveland Duplex for Sale is a fantastic opportunity that you should consider. This property comprises three units, with the downstairs unit currently occupied by a tenant who pays $650 per month. The second and third-floor units are currently vacant, providing you with the flexibility to either rent them out or occupy them yourself.
What makes this property even more appealing is that it is also offered as part of a portfolio package consisting of 16 homes, including both single-family homes and multi-family units. In total, this package offers a staggering 28 units. The total asking price for the entire portfolio is $1,038,000, making it an enticing investment opportunity for those looking to expand their real estate portfolio.
Investing in a portfolio like this offers numerous advantages. Firstly, it provides diversification, spreading your risk across multiple properties. Secondly, it gives you the opportunity to maximize your rental income potential by owning a significant number of units. Lastly, owning multiple properties can provide greater leverage when it comes to negotiating with lenders and property management services.
Cleveland is a city that has been steadily growing in recent years, making it an attractive location for real estate investments. The city offers a strong rental market, with a high demand for affordable housing. With the current tenant occupying the downstairs unit, you can start earning rental income immediately while you work on filling the vacant units.
Furthermore, Cleveland offers a range of amenities and attractions, including professional sports teams, a vibrant arts scene, and a variety of dining and entertainment options. The city is also home to several universities and colleges, attracting a steady stream of students and young professionals in need of housing.
In conclusion, this Cleveland Duplex for Sale presents an excellent investment opportunity for those seeking to enter or expand their real estate portfolio. With a tenant already in place and additional vacant units ready to be rented out, this property allows for immediate income generation. Moreover, when considering the entire portfolio package, the potential for significant returns becomes even more promising. Don’t miss out on this chance to invest in Cleveland’s thriving real estate market and secure your financial future.
3610 E 147th Street, Cleveland, OH 44120