2982 East Blvd, Cleveland, OH 44104

Description

Move-in or tenant-ready Cleveland duplex offering excellent rental income potential! Located at 2982 East Boulevard, also known as 2982 Martin Luther King Jr. Drive, this two-family multifamily property is a great opportunity for real estate investors looking to expand their rental portfolio or owner-occupants interested in living in one unit while renting the other. Potential income of 2750 a month!!

Both units are ready for their next occupants! The first-floor unit features 2 bedrooms, 1 full bathroom, and a porch. The spacious second-floor unit offers 2 bedrooms, 1 full bathroom, plus a finished attic with a heat source, door, and closet, providing additional third-bedroom space. The upstairs unit was previously rented through the Cuyahoga Metropolitan Housing Authority (CMHA) Housing Choice Voucher program as a 3-bedroom unit for $1,250 per month, providing established rental history and attractive income potential.

Recent improvements include updated windows, two newer furnaces (2020), two hot water tanks (2020 and 2022), and fresh interior paint in both units. With separate heating systems and several major improvements already completed, this property offers a convenient opportunity for buyers looking for a multifamily investment without extensive initial updates.

Whether you're searching for a Cleveland duplex for sale, an income-producing rental property, a Section 8 investment opportunity, or a property suitable for house hacking, this versatile two-unit home offers flexibility, rental potential, and recent improvements. Schedule your private showing today!