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Listed price in listed location currency (USD).
$175,500

421

MLS® 5246462

Overview

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage Yes
Taxes $939
Days Active 0
Lot Size 0.1045 Acres
Approx. Age 1915
MLS® Number 5246462

Property Address: 15332 Welton Drive, East Cleveland, OH, 44112

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

Description

Strong turnkey investment opportunity at **15332 Welton Drive in East Cleveland**. This duplex features **two 2-bedroom, 1-bath units and is fully occupied with Section 8 tenants**, providing immediate and consistent cash flow from day one. Current in-place rent totals **$2, 300 per month**, which is already **$140 per month above the current $2, 160 HUD Fair Market Rent** for the property. The property is positioned as a stabilized, income-producing asset with an estimated **10.00% cap rate**. Located in East Cleveland's 44112 ZIP code near Cleveland Heights, the property offers convenient access to major employment centers, transportation routes, shopping, and other Greater Cleveland amenities. This property is also available as part of an attractive **four-duplex, eight-unit Cleveland investment portfolio offered at $702, 000**, giving buyers the opportunity to acquire a larger collection of income-producing and rent-ready assets within one transaction. 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 portfolio, 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 to expand their Cleveland rental holdings, Welton offers an attractive combination of existing Section 8 occupancy, above-FMR rental income, and immediate cash flow, while the full portfolio provides additional scale and diversification across eight units. **No showings without an accepted offer.**
MLS® Number5246462
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1915
Basement
DrivewayGarage
Garage Spaces
HeatForced Air
A/CNone

Extras

Home Estimate Zoopraisal®

This property is estimated to sell between: $61,000 and $233,000.
Similar properties in this area sold on average for: $61,133
Expected to sell in 36 days. Similar properties sold in 36 days. This home has been on Zoocasa for 0 days.

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.

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