16304 Nela View RD, East Cleveland, OH 44112
16304 Nela View RD, East Cleveland, OH 44112
16304 Nela View RD, East Cleveland, OH 44112
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$ 160,000
Est. payment | /mo

6 Beds

2 Baths

2,042 SqFt


Save
$ 160,000
Est. payment | /mo
Save

6 Beds

2 Baths

2,042 SqFt

Key Details

Property Type Single Family Home

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,042 sqft

Price per Sqft $78

Subdivision Euclid-Noble Dev Cos 01

MLS Listing ID 5200280

Bedrooms 6

Full Baths 2

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 2,042

Total Fin. Sqft 2042

Year Built 1924

Annual Tax Amount $1,266

Tax Year 2025

Lot Size 4,321 Sqft

Acres 0.0992

Property Sub-Type Duplex

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

Garage false

Private Pool No

Building

Entry Level Two

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

VOW - Northern Ohio Regional MLS (YES-MLS) /MLS Now
Listed by Jullian Vaughn • Premier Heights Realty LLC • 216-860-0005, sophie@premierheights.com
Nikki Hatfield

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(216) 727-6329

iamthatnikkileigh@gmail.com

4285 Beverly Hills Dr, Brunswick, Ohio, 44212, USA

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16304 Nela View RD