Listed By
Agency Name: Keller Williams Living
Agency Contact: mike@ontheblockgroup.com, 330-607-8592
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
Opportunity knocks at 14225-14227 Rainbow Avenue in Cleveland. This side-by-side duplex featuring two 2 bedroom, 1 bath units is a fantastic opportunity for a new or seasoned investor looking to grow their portfolio. One unit currently has a CMHA tenant in place paying $965 per month, while the other unit rents for $1,250 per month, providing steady income and immediate cash flow for the next owner. A unique advantage of this property is that each side is individually parceled, giving investors the flexibility to sell the properties together or separately in the future. With functional layouts and strong investment potential, this property is ideal as a long term rental, house hack, or portfolio addition. Conveniently located near shopping, dining, parks, and major highways, this property offers easy access to everything Cleveland has to offer. Whether you are looking to expand your rental portfolio or jump into real estate investing, this is an opportunity worth a look.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Days on Market: 55
Heating: Forced Air
Lot Size: 0.08 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $2,047 / year
Year Built: 1945
Feature Descriptions
Parcel#: 024-35-091
Parking: Detached Carport
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,280.48 per month $1,050.11 Principal & Interest $170.58 Property Tax $59.79 Homeowner's InsuranceChange Payment Information
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14225-14227 Rainbow Avenue | MLS# 5212158
This multi-family property located at 14225-14227 Rainbow Avenue, Cleveland, OH 44111 is currently listed for sale with an asking price of $205,000. 14225-14227 Rainbow Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.cutlercigroup.com today.