7812 Elton AVE Cleveland, OH 44102
4 Beds
2 Baths
1,604 SqFt
OPEN HOUSE
Sun Jul 27, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type 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
HOA Y/N No
Abv Grd Liv Area 1,604
Year Built 1890
Annual Tax Amount $1,843
Tax Year 2024
Lot Size 4,408 Sqft
Acres 0.1012
Property Sub-Type Duplex
Property Description
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
Rooms
Basement Full
Interior
Heating Baseboard, Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 3.0
Garage Description 3.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 006-04-159
Special Listing Condition Standard