12905 Griffing Avenue,Cleveland, OH 44120
Cleveland, OH 44120
Description
Turnkey, cash-flowing duplex just one block from Shaker Heights! This fully updated investment property offers immediate income and excellent upside, making it the perfect addition to any rental portfolio. The first-floor unit is occupied by a CMHA tenant paying $987 per month, providing reliable, guaranteed rental income with a check in the mailbox every month. The upper unit is vacant and ready for tenant placement, allowing the next owner to increase cash flow immediately. Professional property management is already in place and willing to remain for a truly hands-off investment experience. Recent improvements include a newer dimensional shingle roof, newer vinyl windows, easy-maintenance vinyl siding, updated kitchens with newer cabinets and countertops, updated bathrooms featuring newer vanities and tiled showers, newer LVP flooring and carpet throughout, and updated 100-amp electrical panels. A finished third-floor room with an electric baseboard heater offers additional usable living space and added flexibility. The property also comes with a City of Cleveland rental registration and Lead Safe Certificate already in place, helping make this a smooth, turnkey acquisition for investors. Whether you're looking to add dependable cash flow to your portfolio or secure a low-maintenance investment in a strong rental location near Shaker Heights, this duplex checks all the boxes.
Details
| MLS # | 5222633 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Contingent |
| Year | 1920 |
| Days On Site | 55 |
| Listing Provided By | Source One Realty LLC | Ian Grame |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| Basement | Y |
| Building(s) | 1 |
| Acreage | 0.10 |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
Taxes
| Tax Annual Amount | 970 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44120 |
| Community Name | Rice Heights |
| Listing VS Median (in Rice Heights) | |
Price: $129,900 low | high Med: $175,000 On site: 55 low | high Med: 35 | |
Market Activity 44120
Request a showing
Request a showing
Contact
Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44120 |
| Community Name | Rice Heights |
| Listing VS Median (in Rice Heights) | |
Price: $129,900 low | high Med: $175,000 On site: 55 low | high Med: 35 | |