5678 Hamlet AvenueCleveland, OH 44127

Property Description

Fully occupied and cash-flowing duplex?an ideal opportunity for investors seeking immediate returns with upside potential! The property offers a solid layout with two units: the lower unit has been fully renovated and features 2 bedrooms and 1 bathroom, while the upper unit offers a comfortable 1 bedroom, 1 bathroom setup. Each unit includes a spacious living room, a functional kitchen with adjoining dining space, creating practical and livable layouts that appeal to long-term tenants. The property is currently fully occupied, providing consistent rental income. The lower unit rents for $1,000 per month on a month-to-month lease, offering flexibility for future adjustments, while the upper unit rents for $800 per month with a lease beginning 05/01/2026. Key mechanical updates include new furnace for upper unit (October 2025), two new hot water heaters (October 2023), replaced plumbing stack for upper unit (February 2026). The basement is accessible through the lower unit and provides additional storage space. A unique value-add opportunity exists with a separate rear room attached to the property, currently undergoing a tear-out to rebuild the subfloor?positioning it to become financeable and potentially usable as additional living or functional space once completed. The property also includes a small backyard, adding extra outdoor utility for tenants. Located at 5678 Hamlet Ave in Cleveland, this property sits in a convenient and accessible area near major roads, public transportation, schools, parks, shopping, and everyday amenities?supporting strong rental demand and tenant retention. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Whether you're looking for steady cash flow from day one or a property with light value-add potential, this duplex checks the boxes! No wholesalers. No Seller financing. No low ball offers.

Property Features

Local Schools