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About This Home

This 4-bedroom, 5-bathroom residential multi family at 2497 124 Street E in Cleveland, OH is listed for $199,000. Built in 1950, on a 0.13 acres lot.

Agent Description

Don't miss this incredible investment opportunity in Cleveland! This fully occupied duplex is the perfect addition to your portfolio, offering immediate rental income and the possibility of becoming a triplex. Basement level unit was being rented for $700/month and is fully functional ready for its next tenant.

This one-bedroom unit is finished with LVP flooring, living room space, all new paint and a walk-in tile shower. First and second floor units feature 2 spacious bedrooms and 1.5 bathrooms, providing comfortable living for tenants. The first-floor unit is finished with cozy carpeting, creating a warm and inviting atmosphere, while the second-floor unit showcases beautiful hardwood floors for a classic, timeless feel.

Both units also feature an additional four-seasons rooms for extra living space. Major mechanical updates have already been taken care of, including a newer roof, two newer furnaces, and three newer hot water tanks, giving you peace of mind and reducing near-term maintenance costs.

Laundry access is found in the basement. Outside, you'll find a detached two-car garage along with a driveway that offers additional off-street parking, an attractive feature for tenants. This location provides proximity to Cleveland Clinic, Shaker Square and Cleveland's beautiful parks. Whether you're a seasoned investor or just getting started, this property checks all the boxes: income-producing, well-maintained, and full of potential. Opportunities like this don't last, schedule your showing today!

Key Features

  • Built in 1950
  • 0.13 acre lot
  • 2 stories

Property Details

2 stories
3 full, 2 half
1950

Monthly Cost Estimate

$1,064/mo

20% down · 6.5% · 30 years

Principal$144
Interest$862
Insurance$58

Estimates only. Actual payments may vary.

Location

2497 124 Street E

Cleveland, OH 44120

Features & Amenities

Interior Features

CeilingFansEatInKitchenLaminateCounters

Property Details

Construction

Brick

Parking

Garage

Heating

Forced AirNatural Gas

Appliances

BuiltInOvenCooktopRange

Questions & Answers

This 4-bedroom, 5-bathroom residential multi family at 2497 124 Street E is listed at $199,000. The estimated monthly payment is $862 based on 20% down at 6.5% interest.

Key features include: Built in 1950, 0.13 acre lot, 2 stories. Interior Features: CeilingFans, EatInKitchen, LaminateCounters.

This property is listed by Marty Emerman and can be reached at 2165337658 or marty@emermanteam.com.

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ME

Marty Emerman

Agent at Keller Williams Greater Metropolitan

(216) 533-7658

Listed by Keller Williams Greater Metropolitan

MLS# 5194896· Source: listhub· Updated 21 days ago

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2497 124 Street E, Cleveland, OH 44120

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