Description
Turnkey, cash-flowing duplex just one block from Shaker Heights! This fully updated investment property offers immediate income and excellent upside, making it the perfect addition to any rental portfolio. The first-floor unit is occupied by a CMHA tenant paying $987 per month, providing reliable, guaranteed rental income with a check in the mailbox every month. The upper unit is vacant and ready for tenant placement, allowing the next owner to increase cash flow immediately. Professional property management is already in place and willing to remain for a truly hands-off investment experience. Recent improvements include a newer dimensional shingle roof, newer vinyl windows, easy-maintenance vinyl siding, updated kitchens with newer cabinets and countertops, updated bathrooms featuring newer vanities and tiled showers, newer LVP flooring and carpet throughout, and updated 100-amp electrical panels. A finished third-floor room with an electric baseboard heater offers additional usable living space and added flexibility. The property also comes with a City of Cleveland rental registration and Lead Safe Certificate already in place, helping make this a smooth, turnkey acquisition for investors. Whether you're looking to add dependable cash flow to your portfolio or secure a low-maintenance investment in a strong rental location near Shaker Heights, this duplex checks all the boxes.
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4BEDS
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0.1ACRES
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2BATHS
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01/2 BATHS
Listing information © 2026 YES-MLS.
Description
Turnkey, cash-flowing duplex just one block from Shaker Heights! This fully updated investment property offers immediate income and excellent upside, making it the perfect addition to any rental portfolio. The first-floor unit is occupied by a CMHA tenant paying $987 per month, providing reliable, guaranteed rental income with a check in the mailbox every month. The upper unit is vacant and ready for tenant placement, allowing the next owner to increase cash flow immediately. Professional property management is already in place and willing to remain for a truly hands-off investment experience. Recent improvements include a newer dimensional shingle roof, newer vinyl windows, easy-maintenance vinyl siding, updated kitchens with newer cabinets and countertops, updated bathrooms featuring newer vanities and tiled showers, newer LVP flooring and carpet throughout, and updated 100-amp electrical panels. A finished third-floor room with an electric baseboard heater offers additional usable living space and added flexibility. The property also comes with a City of Cleveland rental registration and Lead Safe Certificate already in place, helping make this a smooth, turnkey acquisition for investors. Whether you're looking to add dependable cash flow to your portfolio or secure a low-maintenance investment in a strong rental location near Shaker Heights, this duplex checks all the boxes.
Listing information © 2026 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Jess Nader Team | REMAX CROSSROADS are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2026-09-16T00:08:06.547.