USAOHClevelandHome Gradens Allotment10906 Nelson Avenue

10906 Nelson Ave, Cleveland, OH

Name: 10906 Nelson Ave, For Sale in Cleveland - Zoocasa
Brand: Home Equity Realty Group
SKU: 5246474
Price: 175500 USD

House

For Sale

Listed price in listed location currency (USD).

$175,500

430

MLS® 5246474

Overview

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage

Taxes $1,002

Days Active 1

Lot Size 0.0872 Acres

Approx. Age 1929

MLS® Number 5246474

Property Address: 10906 Nelson Avenue, Cleveland, OH, 44105

Average square foot calculated using Size range provided by listing agent.

Description

Strong turnkey, as-is investment opportunity with immediate cash flow and significant value-add upside at 10906 Nelson Avenue in Cleveland. This duplex features two 2-bedroom, 1-bath units and is fully occupied, providing rental income from day one. Current in-place rent totals $1, 680 per month, while HUD Fair Market Rent is approximately $2, 140 per month, creating a substantial $460-per-month rent gap and clear opportunity to increase income over time. As currently rented, the property underwrites to an estimated 7.13% cap rate, with the opportunity to increase that to approximately 9.2% at HUD Fair Market Rent using the same expense assumptions. Because the property is already fully occupied and Lead Safe Certified, the value-add opportunity can be captured through future rent adjustments and natural tenant turnover rather than requiring a major renovation or construction project. Located in Cleveland's 44105 ZIP code, Nelson Avenue offers convenient access to I-77, the Opportunity Corridor, University Circle, Cleveland Clinic, shopping, public transportation, and major employment centers. 10906 Nelson Avenue is also available as part of a four-duplex, eight-unit Cleveland investment portfolio offered at $702, 000. The portfolio includes 15332 Welton Dr, 3611 E 116th St, 9223 Adams Ave, and 10906 Nelson Ave, with more than $120, 000 in capital improvements completed across the properties, including a combination of roofs, furnaces, hot water tanks, Lead Safe certifications, plumbing and sewer work, porches, gutters, windows, cabinets, appliances, and interior improvements. For investors looking for a turnkey cash cow with tenants already in place and strong built-in value-add potential, Nelson offers immediate income today with meaningful room to grow rents toward current HUD levels over time. No showings without an accepted offer.

MLS® Number5246474

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1929

Basement

DrivewayDriveway

Garage Spaces

HeatForced Air

A/CNone

Extras

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $91,000 and $218,000.

Similar properties in this area sold on average for: $91,227

Expected to sell in 37 days. Similar properties sold in 38 days. This home has been on Zoocasa for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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