1141 E 148th Street, Cleveland, OH 44110
Local realty services provided by:Better Homes and Gardens Real Estate Central
1141 E 148th Street,Cleveland, OH 44110
$124,899
- 5 Beds
- 3 Baths
- 2,700 sq. ft.
- Single family
- Active
Listed by:glen g whitten
Office:ohio property group, llc.
MLS#:5148359
Source:OH_NORMLS
Price summary
- Price:$124,899
- Price per sq. ft.:$46.26
About this home
High-ROI Turnkey Duplex – Fully Occupied, 15% Cap Rate, Instant Cash Flow!
Do you like checks in the mail every month? Rare opportunity for real estate investors! This income-producing duplex is fully rented with stable, long-term tenants. Upstairs unit rents for $1,129/mo and downstairs for $1,269/mo, generating $2,398/month - $28,776/year in gross rental income.
At a purchase price of $129,000, that’s an impressive 15% capitalization rate with immediate positive cash flow. Both units have separate utilities, strong rental history, and is located close to shopping, dining, schools, and major highways. Perfect for buy-and-hold investors, 1031 exchange buyers, and cash-flow seekers. Low-maintenance investment property in a market with rising rents—add this turnkey rental property to your portfolio today!
WHEN OFFERING: Proof of funds required. Cash offers will be considered before offers contingent on bank financing. $2K EMD.
Cash Flow, ROI, Below Market, Handyman Special, rehab, as-is, motivated seller, must sell, relocation, estate sale, foreclosure, short sale, investment property, income property, developing area, high growth area, potential, add value
Contact an agent
Home facts
- Year built:1919
- Listing ID #:5148359
- Added:44 day(s) ago
- Updated:September 29, 2025 at 02:18 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Living area:2,700 sq. ft.
Heating and cooling
- Heating:Gas
Structure and exterior
- Roof:Asphalt
- Year built:1919
- Building area:2,700 sq. ft.
- Lot area:0.07 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$124,899
- Price per sq. ft.:$46.26
- Tax amount:$907 (2024)
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