$100,000 After Repair Value -
$65,000 Asking Price -
$0 Cost of Repairs =
$35,000 Potential Profit

Property Details

Asking Price $65,000

After Repair Value $100,000

Costs of Repairs $0

Potential Profit $35,000

Living Area ?2,188 ft2

Property Type Duplex

Bedrooms 4

Bathrooms 2

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Solid 4 bed 2 bath duplex in Cleveland. With total market rent around $1800/month ($900/unit), and both units currently lived in (upstairs at $900/month and lower unit owner occupied), this property can cash-flow easily on day one. Relatively well-maintained but could benefit from some light cosmetic updates. Great long-term section 8 play to hedge against inflation and guarantee rental income. Full basement and a bonus garage are just a few extra perks that could be utilized to produce further income. Opportunity to secure a property at nearly 2% monthly rent to cost ratio, inquire today before this one is gone.

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