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2829 E 116th St

Cleveland OH 44120

8
4
0.11 ac.
Duplex
Currently for sale - view listing

Overview

Turnkey 4-unit investment opportunity in Cleveland featuring all 2-bedroom, 1-bathroom units, offering strong rental potential and flexibility for investors. Two units are currently occupied at $950/month with leases in place through December 2026 and March 2027, providing stable income, while the remaining two units offer upside through lease-up or rent increases. Tenants pay for gas, with the owner covering electric and water. The property has been well maintained with numerous capital improvements, making it a solid, low-maintenance addition to any investment portfolio in a strong rental market. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.

Features

8 bedrooms
4 bathrooms
0.11 ac. lot size
Duplex

Property history for 2829 E 116th St

2023
Sold
$215,000
11 May 2023 by James Wise, of The Holton-Wise Property Group
2019
Sold
$25,000
10 Jun 2019

Happy sellers in Cleveland

95%
95% of sellers in Cleveland reported that their sale price either exceeded or met their price expectations.

Cleveland stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Cleveland over the last 12 months.

Local market activity for 8 bedroom duplexes in Cleveland

In the last 12 months, 10 eight-bedroom duplexes similar to 2829 E 116th St, have been sold.

This represents a 29% increase in eight-bedroom duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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