Do Real Estate on the Go!
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Do Real Estate on the Go!
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$579,900
8 Beds
6 Baths4 full baths + 2 half baths
2,516sqft
10628-10630 Lee Ave, Cleveland, OH 44106
$579,900
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Duplex
Built in 1910
$-- HOA
0.12 acre lot
$230/sq.ft
Description
One-of-a-kind investment opportunity to acquire a massive side-by-side duplex, fully remodeled in 2021 and benefiting from a 15-year tax abatement (about 11 years remaining). Each spacious unit offers four bedrooms and two and a half baths, and the property comes fully furnished and beautifully decorated. Currently leased to a tenant operating as an Airbnb arbitrage and leased for $5,000 per month with the tenant covering all utilities except water, this property provides an impressive as-is cap rate of over 8%. There’s significant upside potential with the ability to raise rents or operate directly as a short-term rental, pushing returns above a 10% cap rate with strong ...
Continue Reading- Houzeo last checked: 2 Hours ago
- Listing updated: November 21, 2025 at 9:27 am
- Listing Provided by: Tal Tamir (216) 870-8687 DRE #2018001908 | Russell Real Estate Services (440) 201-9850
- Source: MLS Now-OH | MLS#: 5140564
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1910
HOA Fees
-
Finished Area
2,516 sqft
Lot Size
0.12 acre lot
Basement Area
- sqft
MLS Name
MLS Now
MLS Number
5140564
MLS Status
Active
Days on Market
105
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