Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: brett@impactsellshomes.com, 440-539-2897
Shown By
Agent Name: Leah Ackerman
Agent Phone: (614) 306-5050
Agency Title: Cutler Real Estate
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Property Description
Cash-flowing duplex that outperforms the classic 1% rental rule, with tenant in place on Cleveland's northeast side near South Collinwood. Currently generating $1,100 per month in rental income, and a tenant lined up at $900, this property delivers immediate cash flow with recent improvements already completed?making it a strong, low-friction addition to an investment portfolio. The first-floor unit has been refreshed with new carpet and fresh paint throughout the walls, trim, and cabinets. Kitchen features include laminate countertops and freshly painted cabinetry. Major capital improvements include a new electrical panel, new main plumbing stack with updated basement plumbing, newer appliances, and updated windows in the first-floor unit?helping reduce near-term capital expenses. The second-floor unit includes an enclosed balcony, providing additional usable space. Located minutes from Interstate 90, Glenville High School, and the Waterloo Arts District, the property offers strong accessibility and consistent rental demand. Turnkey rental suitable for market-rate or housing voucher programs, offering flexibility for investors seeking reliable income, proven performance, and minimal upfront work.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Window Unit(s)
Days on Market: 14
Heating: Forced Air
Lot Size: 0.05 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,175 / year
Year Built: 1912
Feature Descriptions
Exterior: Vinyl Siding
Parcel#: 116-21-013
Parking: None
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 775.88 per month $561.09 Principal & Interest $181.25 Property Tax $33.54 Homeowner's InsuranceChange Payment Information
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813 Wayside Road | MLS# 5181494
This multi-family property located at 813 Wayside Road, Cleveland, OH 44110 is currently listed for sale with an asking price of $115,000. Wayside Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.leahackerman.com today.