5810 Madison Avenue
Cleveland, OH 44102

Property Description

House hack opportunity! This updated duplex is the perfect opportunity for an owner occupant or investor looking to add a turn key property to their portfolio. Each unit offers 2 bedrooms, 1 full bathroom, and a bonus room that's perfect for a home office, nursery, playroom, or additional storage. The upstairs unit has been completely refreshed with brand new carpet, fresh paint, updated LED lighting, and a beautifully remodeled bathroom featuring a brand new tub and tiled tub surround. It's move-in ready for an owner occupant or ready to lease immediately. The lower unit is occupied by a long-term, month to month tenant paying $1,000 per month (currently below market rent), providing immediate rental income with room for future upside. Gas and electric are separately metered with tenants paying their own utilities, while the owner currently pays water and sewer. All kitchen appliances are included in both units, along with one washer and dryer set in the basement. Private entrances and a home warranty included complete this turnkey opportunity. Located in Cleveland's sought-after Detroit Shoreway neighborhood, this property is surrounded by ongoing investment and redevelopment while remaining close to restaurants, shopping, parks, and downtown Cleveland. With new residential developments nearby and continued growth throughout the area, this is an excellent opportunity for both owner occupants and investors alike.