3325 W 52nd Street, Cleveland, OH 44102

Description

3325 W 52nd St: Turnkey Clark-Fulton Duplex, Projected $2,000+ in monthly gross rent.

This is the kind of rental investors look for: fully renovated, ready to lease on day one, and located in one of Cleveland’s strongest rental pockets. The work is already done, so you collect rent instead of paying contractors.

The numbers: Two-bedroom rents in Clark-Fulton average about $995/month and are up roughly 11% over the past year. Both units also qualify for the Housing Choice Voucher program, where the CMHA 2-bedroom payment standard for 44102 is about $1,276. That puts projected gross rent at $2,000 per month or $24,000/year, and with nearly every major system updated, more of that stays in your pocket.

Already done:

Newer roof,
Two new 100-amp electrical panels plus updated wiring,
New furnace,
Freshly painted interior and exterior,
New LVP flooring and carpet, and
Many more updates throughout.

Location: The property is 1.5 miles from MetroHealth Medical Center, one of Cleveland’s largest employers, which is in the middle of a major campus expansion. It’s 2.5 miles from Tremont’s restaurants and nightlife, with quick access to I-71, I-90 and downtown. That mix of jobs and convenience keeps tenant demand high and turnover low.

Whether this is your first rental or your next door, you get a low-maintenance, high-cash-flow duplex. Opportunities this turnkey don’t last in this market, so schedule your showing today.