3735 W 47th Place, Cleveland, OH 44102

Attractive, well-maintained turnkey duplex, fully remodeled investment opportunity or owner-occupant opportunity for the first floor unit. Each unit features 2 bedrooms and a full bathroom. The classic character of the home has been retained with attractive finishes.

Durable hardwood flooring throughout each unit. New improvements include: one new furnace and a/c (2023), but seller could not recall to which unit and two new HWTs (2023). Strong rental history with immediate cash flow. Up unit tenant is on a lease through mid-summer 2027 at $1300 a month; paying cash.

The down unit qualifies for Section 8 or Eden. Both units are a higher market rent as a result of the shared utilities; all utilities are included in the rents. All in all, the utilities have not been excessive. Some general over-all cost per month on the utilities for the property are: Electric: Summer months are higher due to AC - highest we seen

was $300, while in winter months are around $90 and Gas: Summer months are lower due to not using heat - lowest we seen was $40, while in winter months the highest seen was $350 during January freeze, otherwise $100-200. There is a garage on the property that offers extra income by renting one space to each unit for an additional fee.

Property management is in place, if desired. Showings are available for the first floor unit and basement with an additional showing permitted for the UP unit upon an accepted offer, so as not to disturb the current tenant too frequently. Seller will not accept any wholesale assignments to a different buyer prior to closing. NO seller financing. NOTE: You must enter 3735 Berkebile Dr to be taken directly to the property; it is on the corner of W 47th Place and Berkebile.