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Key Details
Sold Price $118,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,315 sqft
Price per Sqft $50
Subdivision Forest Park
MLS Listing ID 5104972
Sold Date 05/05/25
Bedrooms 4
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,315
Year Built 1910
Annual Tax Amount $904
Tax Year 2023
Lot Size 3,998 Sqft
Acres 0.0918
Property Sub-Type Duplex
Property Description
Investment Opportunity in Cleveland, OH! Welcome to 12709 Locke Ave, Cleveland, OH 44108 — a fantastic duplex offering incredible cash flow potential! Located in Cleveland's Glenville neighborhood, this area is part of a $10 million Cleveland Land Bank Revitalization program that supports home construction and renovations. This spacious 2,315 sq. ft. property features two well-maintained units, each with 2 bedrooms and 1 bathroom. With updated plumbing and electrical systems, a brand new hot water tank, and fresh paint throughout both units, this property is truly move-in ready.
The income potential here is outstanding. The downstairs unit already has a tenant moving in on April 1, 2025, at $800 per month on a month-to-month lease. The upstairs unit is currently vacant, and the Section 8 average rent for this zip code is $1,129 per month. With both units rented, this property easily exceeds the coveted 1% rule — approaching a 1.5% monthly return on your investment!
Don't miss out on this high-performing asset in a growing Cleveland neighborhood. Schedule your showing today and start building your portfolio with this income-generating gem! For more details or to arrange a viewing, contact your favorite realtor today!
Location
State OH
County Cuyahoga
Rooms
Basement Common Basement, Full, Unfinished
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 111-16-061
Financing Other
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Bought with Chloe Vugrinovich • Coldwell Banker Schmidt Realty