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About This Home

This 8-bedroom, 3-bathroom residential multi family at 1204 Ansel Road in Cleveland, OH is listed for $274,900 ($103 per sqft). Built in 1910, the home offers 2,658 sqft of living space on a 0.09 acres lot.

Agent Description

Offering a strong investment opportunity with immediate income with this side-by-side Duplex! One unit is already occupied (tenant in place for over 20 years rent $1558 m-t-m lease), providing steady rental income from day one, while the second unit has been updated and is move-in ready for a new tenant (advertised for rent at $1600).

Both units are very spacious and filled with natural light, featuring a well-designed layout with a large living room, dining room, and kitchen on the first floor. Each unit offers 4 generously sized bedrooms while one unit includes 2 full bathrooms and the other offers 1 bathroom.

The updated unit showcases neutral finishes and has an additional bonus room. Ideally located just minutes from the Cleveland Clinic, downtown Cleveland, and major freeways, this property offers exceptional convenience for tenants. Easy access to public transportation makes commuting simple, adding to the strong rental appeal of this investment.

Lead Safe certified. With the current and projected rental income, this property delivers over a 10% cap rate, making it an excellent addition to any investor's portfolio. No seller financing

Key Features

  • Built in 1910
  • 0.09 acre lot
  • 3 stories

Property Details

3 stories
3 full
1910

Monthly Cost Estimate

$1,470/mo

20% down · 6.5% · 30 years

Principal$199
Interest$1,191
Insurance$80

Estimates only. Actual payments may vary.

Location

1204 Ansel Road

Cleveland, OH 44108

Roman & Frances Stengers

Property Details

Construction

AluminumSiding

Parking

Off Street

Heating

Forced Air

Cooling

Ceiling Fan(s)

Appliances

DryerMicrowaveRangeRefrigeratorWasher

Questions & Answers

This 8-bedroom, 3-bathroom residential multi family at 1204 Ansel Road is listed at $274,900 ($103/sqft). The estimated monthly payment is $1,191 based on 20% down at 6.5% interest.

Key features include: Built in 1910, 0.09 acre lot, 3 stories.

This property is listed by Iris Wheeler and can be reached at 2165368597 or irisewheeler@gmail.com.

IW

Iris Wheeler

Agent at Keller Williams Greater Cleveland Northeast

(216) 536-8597

Listed by Keller Williams Greater Cleveland Northeast · View on Broker Site

MLS# 5204169· Source: listhub· Updated 37 days ago

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1204 Ansel Road, Cleveland, OH 44108

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