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Sold about 1 year ago

$59,000

4 bd 2 ba 1992 sqft

13207 Crennell Avenue, Cleveland, OH 44105

Residential Duplex Occupied Off MLS

Current Rent **

$1,250

Projected Rent **

$1,774

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $625
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1992 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $625
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

2 Unit Duplex in Cleveland, OH

Introducing a prime investment opportunity, this well maintained, two-unit duplex at 13207 Crennell Avenue, Cleveland, Ohio is a savvy investor's dream.

Boasting 100% occupancy rate, this two-story gem spans 1,992 sq. ft. with a spacious 5,852 sq. ft. lot. The pro forma cap rate of 19.03% and an impressive cash-on-cash return of 37.0% make it a standout choice for those seeking lucrative returns! With a 5-year annual ROI of 40.5% per year and a projected pro forma NOI of $13,134, the financial prospects are compelling.

The asphalt shingle roofing and water heaters were replaced in 2019 ensuring this property with lasting durability! Conveniently located, the property is just a short drive from prominent educational institutions, including DeVry University, South University, Cleveland State University, and Case Western Reserve University. Don't miss the chance to seize this investment opportunity in a thriving location.

Location:

13207 Crennell Avenue, Cleveland, OH 44105

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.