1222 E 172nd StreetCleveland, OH 44119

Property Description

Turnkey cash-flowing duplex in Cleveland fully renovated in 2023 and ready for immediate returns. This well-maintained two-family property features one occupied unit and one unit with a tenant secured starting May 1st, minimizing vacancy risk and ensuring consistent income. The upstairs unit will rent for $1,150/month with a 3-year lease in place, while the downstairs unit is an Eden-supported tenant generating $1,170/month ($958 Eden + $212 tenant portion) with a 3-year lease, bringing total monthly income to $2,320 ($27,840 annually). The property has been updated with new furnaces and hot water tanks, offering low maintenance and reduced capital expenditures. Additional highlights include a dry basement, solid overall condition, and all appliances owned by the seller and included in the sale. This is an easy, turnkey investment ideal for investors seeking stable, long-term cash flow with minimal upfront work. Property is being sold as-is as part of a package with 3568 West 67th Street, Cleveland, OH 44102, creating an opportunity to acquire multiple performing assets with strong income already in place. Will be sold as a package with a cash flowing tri-plex at 3568 W 67th St Cleveland Ohio 44102.

Property Features

Local Schools