813 Wayside Road
Cleveland, OH 44110

Listed at $115,000

Details

  • MLS# 5181494
  • Multi Unit - Multiple
  • Status Active
  • 4 Bedrooms
  • 2 full Bathrooms
  • 1,536 Square Feet
  • 0.049 acres
  • Built in 1912
  • Cleveland Municipal - 1809 Local Schools
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Description

Cash-flowing duplex that outperforms the classic 1% rental rule, with tenant in place on Cleveland's northeast side near South Collinwood. Currently generating $1,100 per month in rental income, and a tenant lined up at $900, this property delivers immediate cash flow with recent improvements already completed?making it a strong, low-friction addition to an investment portfolio. The first-floor unit has been refreshed with new carpet and fresh paint throughout the walls, trim, and cabinets. Kitchen features include laminate countertops and freshly painted cabinetry. Major capital improvements include a new electrical panel, new main plumbing...read more stack with updated basement plumbing, newer appliances, and updated windows in the first-floor unit?helping reduce near-term capital expenses.The second-floor unit includes an enclosed balcony, providing additional usable space. Located minutes from Interstate 90, Glenville High School, and the Waterloo Arts District, the property offers strong accessibility and consistent rental demand.Turnkey rental suitable for market-rate or housing voucher programs, offering flexibility for investors seeking reliable income, proven performance, and minimal upfront work.

Features

  • Window Unit(s)
  • Forced Air
  • 2.0 Stories
  • $2,175 / year Taxes
  • Public
  • Built in 1912
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: Yes
  • Basement: Unfinished
  • Cooling: Window Unit(s)
  • Days on Site: 51
  • Exterior: Vinyl Siding
  • Heating: Forced Air
  • Lot Size: 0.05 Acres
  • Parcel#: 116-21-013
  • Parking: None
  • Roof Type: Asphalt, Fiberglass
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $2,175 / year
  • Water: Public
  • Year Built: 1912