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!
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4BEDS
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0.09ACRES
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2BATHS
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01/2 BATHS
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2,315SQFT
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$56$/SQFT
Listing information © 2025 YES-MLS.
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!
Listing information © 2025 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Richfield Realty Group are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2025-04-29T09:07:37.01.