Vision Sales Team

Bi Level

1141 E 148th Street

Cleveland , OH 44110

MLS#: 5148359

$129,000

Status: Active
Listing number: 5148359
Listing provided by: Ohio Property Group, LLC
Listing agent phone: None
Last update: 21 days ago
Browse Properties
Main image without alt text

Property

Beds

5

Full Baths

2

1/2 Baths

1

Year Built

1919

Sq.Footage

2,700

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

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s)

  • Total Bedrooms

    5

  • Bathrooms

    2

  • 1/2 Bathrooms

    1

  • Above Grade Finished Area

    1800.0

  • Basement YN

    NO

  • Cooling YN

    NO

  • Cooling

    Ceiling Fan(s), None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Main Level Bedrooms

    2

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Wood Siding

  • Other Exterior Features

    Balcony, Awning(s)

  • Parking

    Direct Access

  • Patio and Porch Features

    Covered, Deck, Front Porch

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Back Yard, Front Yard

  • Lot Size(acres)

    0.0651

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Bi Level

Price

  • Sales Price

    $129,000

  • Tax Amount

    907.0

  • Sq. Footage

    2, 700

  • Price/SqFt

    $47

HOA

  • Association

    NO

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of Glen G Whitten , Ohio Property Group, LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent ShelbyHumpal

AGENT

ShelbyHumpal

Call Shelby today to schedule a private showing.

(440) 321-8376

Shelby@VisionSalesTeam.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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

1141 E 148th Street

Message successfully sent.

What would you like to know?

Related Properties

Welcome home to this charming totally redone colonial. Come on up the covered front porch to the large living room offering plenty of windows for natural light to shine through, new flooring and new lights throughout. The brand-new kitchen offers new cabinets, granite countertops, stainless steel appliances, and walk-in pantry. Dining Room. There is a first-floor laundry room. Three bedrooms upstairs. Totally updated full bathroom with new tile floor, vanity counters and new lights. New furnace. Two car detached garage.
#5132801

Cleveland

3197 W 90th Street

3 Beds

1 Baths

N/A

$152,500

MLS#: 5132801

Looking for a new addition to your rental portfolio? Welcome to 1016 Wheelock Road! The home has 4 bedrooms and one and a half baths, with plenty of storage room in the basement. Current rental income is $1,350 per month. Call today for more details.
#5135475

Cleveland

1016 Wheelock Road

4 Beds

1 Baths

1,436 Sq.Ft.

$143,000

MLS#: 5135475

Welcome home to this inviting 3-bedroom, 1-bathroom ranch-style residence that perfectly blends comfort and convenience. Step inside to discover beautiful natural wooden floors that bring warmth and character to the living spaces. The open floor plan offers seamless flow between the cozy living room and the well-equipped kitchen and a dining room, which comes complete with a refrigerator and washer & dryer included—making move-in a breeze. Each of the three bedrooms provides ample natural light and space for relaxation or work-from-home needs. The full bathroom is newly updated, ready for your personal touch. Outside, enjoy your own private backyard oasis—perfect for entertaining, gardening, or simply unwinding in peace. The attached garage offers secure parking and additional storage. Ideal for first-time buyers, downsizers, or anyone seeking a low-maintenance lifestyle, this home offers both comfort and functionality in a classic ranch-style layout. Don’t miss this opportunity to make it yours!
#5140976

Cleveland

9518 Plymouth Avenue

3 Beds

1 Baths

N/A

$110,000

MLS#: 5140976

Welcome to this charming and recently renovated 4-bedroom, 1-bath bungalow ideally situated on the border of Garfield Heights and Cleveland. This thoughtfully updated home blends classic character with modern finishes, offering comfortable living for homeowners and investors alike. Step inside to find a refreshed interior with neutral tones, updated flooring, and a spacious layout. The main level features a bright living area, two generous bedrooms, and a stylishly updated full bathroom. Upstairs, you'll find two additional bedrooms that provide flexibility for guest rooms, a home office, or a creative space. Enjoy your morning coffee or unwind in the evening on the private balcony overlooking the backyard—a rare bonus perfect for quiet relaxation or entertaining. The unfinished basement offers ample storage and the potential for future customization. Conveniently located near schools, shopping, parks, and highway access, this home offers easy city living with suburban comfort. Whether you're a first-time buyer or looking to expand your investment portfolio, this property is a must-see!
#5141433

Cleveland

12604 Beachwood Avenue

4 Beds

1 Baths

N/A

$129,900

MLS#: 5141433

Brick 3 bedroom, 2 bath. Immediate highway access (I-90). Short walk to grocery store, restaurant, public transportation. Central air, rear deck and 2 car garage. 2 bedrooms and 1 full bath on first floor. Large master bedroom and full bath on second floor. One half of basement is finished. City of Euclid POS available, contains minor assumable items.
#5129672

Cleveland

932 E 218th Street

3 Beds

2 Baths

N/A

$145,000

MLS#: 5129672

Don't miss this turnkey, income-generating property with all the big ticket items already completed! Step onto the inviting front porch and enter the home to find 2 generous-sized first floor bedrooms and a remodeled open flow floorplan. The second floor has 2 bedrooms/tandem living spaces. Down in the basement is the laundry location and secondary toilet. Out back is a 1-car garage with large storage room. SINCE 2022 UPDATES INCLUDE NEW ROOF ON HOUSE & GARAGE, SIDING, FURNACE, HOTWATER TANK, KITCHEN AND BATHROOM! Property is HUD approved!
#5110442

Cleveland

7508 Donald Avenue

4 Beds

1 Baths

1,198 Sq.Ft.

$119,999

MLS#: 5110442

This tenant-occupied 2-bedroom, 1.5-bath single-family home offers approximately 1,180 sq ft of living space and strong cash flow potential. Currently rented at $1,200 per month, this property provides immediate income and reliable rental performance for investors. Whether you're expanding your Cleveland rental portfolio or securing a stabilized asset with consistent returns, this home presents a solid investment opportunity with long-term value.
#5123629

Cleveland

3707 Newark Avenue

2 Beds

1 Baths

N/A

$105,000

MLS#: 5123629

This 3-bedroom, 1-bath single-family home offers approximately 1,067 sq ft of living space and strong cash flow potential. With an estimated market rent of $1,064 per month, this property presents a great opportunity for investors to generate income from day one. Whether you're building a Cleveland rental portfolio or adding to an existing investment strategy, this property offers long-term value and dependable rental potential.
#5123626

Cleveland

3333 W 58th Street

2 Beds

1 Baths

N/A

$105,000

MLS#: 5123626

This tenant-occupied 2-bedroom, 1-bath single-family home offers approximately 1,104 sq ft of living space and solid cash flow. Currently rented at $1,100 per month, this property provides immediate income and dependable performance for investors. Whether you're adding to an existing Cleveland portfolio or acquiring a stabilized asset with long-term upside, this home presents a strong investment opportunity.
#5123637

Cleveland

2108 W 98th Street

2 Beds

1 Baths

N/A

$105,000

MLS#: 5123637

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here