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About This Home

This 8-bedroom, 2-bathroom residential multi family at 11717 Gay Avenue in Cleveland, OH is listed for $172,000 ($62 per sqft). Built in 1930, the home offers 2,754 sqft of living space on a 0.12 acres lot.

Agent Description

11717 Gay Ave - Turnkey Duplex | Cash Flow Opportunity in 44105 Investors, take note: this massive duplex is built to perform. Each unit boasts 4 bedrooms, 1 bath, and over 1,300 square feet of comfortable living space - making it a rare find for cash flow in this market.

Here's where the numbers shine. CMHA pays as high as $1,661 for 4-bedroom units in the 44105 zip code, giving this property the potential to generate $3,322 per month in rental income. That kind of return doesn't just meet the 1% rule - it shatters it.

Both units have been recently renovated throughout and are completely rent-ready, so you can start collecting from day one. The property also offers onsite parking with a private driveway, adding convenience for tenants. Newer furnaces and hot water tanks provide added peace of mind and help reduce major mechanical concerns for the next owner.

Seller is also offering a closing credit toward future roof replacement, adding flexibility and value for the buyer. With large unit layouts, strong rent potential, and recent updates, this duplex is a compelling opportunity for investors looking to add cash flow to their portfolio. Properties like this don't come around often - and they don't stay on the market long. Reach out to your favorite realtor today before this cash cow is gone!

Key Features

  • Built in 1930
  • 0.12 acre lot
  • 2 stories

Property Details

2 stories
2 full
1930

Monthly Cost Estimate

$920/mo

20% down · 6.5% · 30 years

Principal$124
Interest$745
Insurance$50

Estimates only. Actual payments may vary.

Location

11717 Gay Avenue

Cleveland, OH 44105

Union Rice 02

Property Details

Construction

VinylSiding

Parking

Driveway

Heating

Natural GasForced Air

Questions & Answers

This 8-bedroom, 2-bathroom residential multi family at 11717 Gay Avenue is listed at $172,000 ($62/sqft). The estimated monthly payment is $745 based on 20% down at 6.5% interest.

Key features include: Built in 1930, 0.12 acre lot, 2 stories.

This property is listed by Keyano Burgess and can be reached at 2163877220 or keyano.realtor@keysoldit.com.

KB

Keyano Burgess

Agent at Lokal Real Estate, LLC.

(216) 387-7220

Listed by Lokal Real Estate, LLC. · View on Broker Site

MLS# 5220454· Source: listhub· Updated 1 days ago

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11717 Gay Avenue, Cleveland, OH 44105

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