8215 Crudele Drive
Garfield Heights, OH 44125

Listed at $269,900

Details

  • MLS# 5185567
  • Multi Unit - Multiple
  • Status Pending
  • 6 Bedrooms
  • 2 full 2 partial Bathrooms
  • 2,508 Square Feet
  • 0.179 acres
  • Built in 1965
  • Garfield Heights City Local Schools

Description

Investor Opportunity in Desirable Garfield Heights 11.94% Cash-on-Cash Return Welcome to this newly updated side-by-side duplex located in one of Garfield Heights' most sought-after neighborhoods. Each unit offers a spacious and functional layout with 3 bedrooms and 1.5 bathrooms per side, making this a highly desirable property for long-term tenants. This property is a true turnkey investment with stable tenants already in place, allowing you to step right into immediate cash flow from day one. Both units have been thoughtfully updated, minimizing near-term capital expenses and maximizing rental appeal. Some photos may be virtually staged Conveniently...read more located close to shopping, dining, schools, public transportation, and major commuter routes, tenants enjoy easy access to all essential amenities, further strengthening long-term occupancy and demand.Investment Highlights ? Asking price $269,900 ? Monthly rents collected $3,190Monthly operating expenses ? Property management $191 ? Property taxes $417 ? Insurance $81 ? Utilities $300 ? Vacancy reserve $160 ? Maintenance reserve $160Total operating expenses $1,308 per monthMonthly NOI $1,882Monthly cash flow $586Annual cash flow $7,043Cash-on-cash return 11.94%.With strong numbers, solid tenants, and an excellent location, this duplex checks all the boxes for investors seeking a reliable, income-producing asset.Dont miss your chance to own a high-performing multifamily property in a prime Cleveland-area suburb.

Features

  • None
  • Forced Air
  • 2.0 Stories
  • $4,954 / year Taxes
  • Public
  • Built in 1965
View All Features

Contact the Agent

Contact the Listing Agent
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: Unfinished
  • Basement: Yes
  • Cooling: None
  • Days on Site: 35
  • Exterior: Vinyl Siding
  • Garage: 2
  • Heating: Forced Air
  • Lot Size: 0.18 Acres
  • Parcel#: 541-30-025
  • Parking: Garage, Off Street
  • Roof Type: Asphalt
  • Sewer: Public Sewer
  • Stories: 2.0
  • Swimming Pool: Yes
  • Taxes: $4,954 / year
  • Water: Public
  • Year Built: 1965