Rhonda Albaugh
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Listed By
Agency Name: Howard Hanna
Agency Contact: davidsturgeon@howardhanna.com, 216-375-4486
Shown By
Agent Name: Rhonda Albaugh
Agent Phone: (330) 323-3804
Agency Title: Cutler Real Estate
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Property Description
Turn-Key 2-Family Investment with Strong Rental Appeal This newly rehabbed and fully leased 2-family property is a perfect long-term hold. Major improvements include a brand-new roof and new hot water tanks, giving investors peace of mind and reduced maintenance costs for years to come. Each unit showcases desirable features tenants love: a spacious living room with fireplace, a formal dining room with built-ins, and generously sized bedrooms. The upstairs unit is expanded with a finished 3rd floor, creating a highly attractive 3-bedroom layout for added rental income potential. Backing directly onto Duggan Park, tenants enjoy access to a pool, splash park, and basketball courts, while being just minutes from shopping, schools, bus routes, and other everyday amenities. With modern updates, strong tenant demand, and an ideal location, this property offers investors steady cash flow, low-maintenance ownership, and long-term appreciation potential. Rental income is $900 for the Downstairs Unit and $1200 for the Upstairs Unit making the Total Gross Rental Income $2100 per month. Please NO wholesaling, assignments or seller/creative financing.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Cooling: None
Days on Market: 275
Garage: 2
Heating: Forced Air
Lot Size: 0.10 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $1,052 / year
Year Built: 1937
Feature Descriptions
Community Features: Playground, Park, Pool
Exterior: Wood Siding
Fencing: Chain Link, Wood
Lot: City Lot, Rectangular Lot
Parcel#: 117-08-161
Parking: Driveway, Detached, Garage
Pool: Community
Sewer: Public Sewer
Swimming Pool: Yes
View: City
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 732.61 per month $609.95 Principal & Interest $87.67 Property Tax $35.00 Homeowner's InsuranceChange Payment Information
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1639 Avalon Road | MLS# 5130424
This multi-family property located at 1639 Avalon Road, Cleveland, OH 44112 is currently listed for sale with an asking price of $120,000. Avalon Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on ralbaugh.cutlerhomes.com today.