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$160,000
Est. payment /mo
4 Beds
2 Baths
4,599 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Alcott Allotment
MLS Listing ID 5178520
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,069
Tax Year 2024
Lot Size 4,599 Sqft
Acres 0.1056
Property Sub-Type Duplex
Property Description
Welcome to 3601 Denison Avenue, Cleveland, OH — a well-positioned duplex offering immediate cash flow with strong value-add potential. This property features two 2-bedroom, 1-bath units, both currently occupied by Section 8 tenants, providing stable, reliable income from day one.
Both tenants are due for rent increases, presenting a clear opportunity to boost cash flow immediately following purchase. With plenty of room to bring rents up to current market levels, this property is ideal for investors looking to increase returns without major repositioning. The Section 8 structure offers predictable payments while allowing for upward rent adjustments through the housing authority process.
Located on Denison Avenue with convenient access to major highways, public transportation, shopping, and employment centers, this duplex sits in a high-demand rental corridor. Whether you're expanding an existing portfolio or acquiring a dependable income property with upside, this is a solid Cleveland multifamily opportunity.
Highlights:
Duplex with 2 units
Each unit: 2 bedrooms, 1 bathroom
Both units occupied with Section 8 tenants
Immediate and reliable cash flow
Significant value-add / rent growth potential
Convenient Cleveland location
A great opportunity to acquire a performing asset with built-in upside. Schedule your showing today to review the income potential at 3601 Denison Avenue!
Both tenants are due for rent increases, presenting a clear opportunity to boost cash flow immediately following purchase. With plenty of room to bring rents up to current market levels, this property is ideal for investors looking to increase returns without major repositioning. The Section 8 structure offers predictable payments while allowing for upward rent adjustments through the housing authority process.
Located on Denison Avenue with convenient access to major highways, public transportation, shopping, and employment centers, this duplex sits in a high-demand rental corridor. Whether you're expanding an existing portfolio or acquiring a dependable income property with upside, this is a solid Cleveland multifamily opportunity.
Highlights:
Duplex with 2 units
Each unit: 2 bedrooms, 1 bathroom
Both units occupied with Section 8 tenants
Immediate and reliable cash flow
Significant value-add / rent growth potential
Convenient Cleveland location
A great opportunity to acquire a performing asset with built-in upside. Schedule your showing today to review the income potential at 3601 Denison Avenue!
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Shingle
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 014-02-001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Jon M Straniak • Lockbox Realty • 216-882-9406, lockboxrealtyohio@gmail.com