3909 Memphis AVE Active

Cleveland,OH 44109

$ 289000

5 Beds

2 Baths

2354 SqFt


Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,354 sqft

Price per Sqft $122

Subdivision Henritze

MLS Listing ID 5123525

Bedrooms 5

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 2,354

Year Built 1925

Annual Tax Amount $2,270

Tax Year 2024

Lot Size 4,234 Sqft

Acres 0.0972

Property Sub-Type Duplex

Stories Two

Story Two

Property Description

Turnkey furnished duplex in Old Brooklyn! Ideal for a house hack or high yield investment. The upper unit is now vacant, giving investors or owner occupants a great house hacking opportunity. Live in one unit while collecting rent from the other. The lower unit is currently leased at $1,600 per month with utilities included, and a qualified tenant is ready to lease the upper at $1,750 per month with utilities included, bringing potential income to $3,350 per month or more. Because the property is fully furnished and minutes from MetroHealth Hospital, it is also an excellent candidate for short term or midterm rentals where income could exceed that figure. It previously operated as a successful Airbnb. This updated duplex features secure entry, automated locks, and private supply closets, making management simple for both long term and furnished rentals. The upper unit is set up as a three bedroom with a flexible bonus space that can be enclosed to add even more value. Both units have been completely renovated with new flooring, windows, kitchens, bathrooms, drywall, insulation, trim, doors, and appliances. You will also find central air, a security system with video doorbell and remote access, and a concrete pad ready for a future garage build. All furnishings are included at the current offer price, making this a true turnkey investment in one of Cleveland's strongest rental areas. Minutes from the Cleveland Metroparks Zoo, Brookside Reservation, the Memphis Fulton corridor, downtown Cleveland, and MetroHealth's main campus. Whether you are looking for steady long-term cash flow, short term rental upside, or a house hack opportunity, this property checks every box.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Forced Air,Gas

Cooling Central Air

Fireplace No

Appliance Dishwasher,Microwave,Range,Refrigerator

Laundry In Basement

Exterior

Parking Features Driveway,Detached,Garage

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 014-14-014

Acceptable Financing Cash,Conventional,FHA,VA Loan

Listing Terms Cash,Conventional,FHA,VA Loan

Special Listing Condition Standard

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