Welcome to 3274 E 123rd Street in Cleveland—a strong investment opportunity in a high-demand rental corridor with immediate income and upside potential. This well-maintained duplex features a spacious 2-bedroom, 1-bathroom unit on the first floor and a 3-bedroom, 1-bathroom unit on the second floor, offering flexibility for both investors and owner-occupants alike. The upstairs unit is currently leased at $975 per month through November 2026, providing stable, long-term income from day one. The downstairs unit is vacant and freshly painted, making it rent-ready and primed for immediate occupancy or placement of a new tenant at market rents. This property has the potential to be a true cash-flowing asset. Based on CMHA payment standards for the 44120 zip code, 2-bedroom units can generate up to $1,367 per month and 3-bedroom units up to $1,762 per month—bringing the total potential monthly rent to approximately $3,129 when fully optimized. For added peace of mind, major mechanical updates have already been completed, including newer furnaces and hot water tanks, reducing near-term capital expenditure concerns for the next owner. Whether you’re looking to expand your portfolio or secure a performing asset with strong rental upside, this property checks all the boxes. Reach out to your favorite Realtor today—this opportunity will not last long!

Listing courtesy of Keyano Burgess of Lokal Real Estate, LLC.



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