951 Royal RD Cleveland, OH 44110
4 Beds
2 Baths
1,728 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,728 sqft
Price per Sqft $80
Subdivision Rr &Ppp Companys Five Points
MLS Listing ID 5245172
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,728
Year Built 1928
Annual Tax Amount $2,064
Tax Year 2025
Lot Size 3,502 Sqft
Acres 0.0804
Property Sub-Type Duplex
Property Description
This property is an investor's dream, designed for immediate, high-margin returns with zero deferred maintenance. Each
2-bedroom, 1-bathroom unit has been meticulously updated with a new roof, working mechanicals, and energy-efficient
windows. The interiors feature fresh paint, new flooring, and updated kitchens and baths, making the units rent-ready
today. This property is perfectly positioned to attract stable, long-term tenants and capitalize on strong market rents,
including Section 8 payment standards that reach up to $1,152 per unit. This investment is not just about immediate
income; it's also about long-term growth. The property's location is perfect for attracting a strong tenant pool, situated
just minutes from the vibrant Waterloo Arts District, with its unique galleries, shops, and live music venues. Its strategic
placement near I-90 provides a fast commute to downtown, while proximity to Lake Erie offers desirable recreational
opportunities. This combination of cultural attractions and accessibility is driving revitalization in the area, signaling
strong potential for future appreciation and increasing property values. This is a rare chance to acquire a fully updated,
income-producing asset where all the capital-intensive work has been completed. With its strong cash-flow potential and
promising location, this duplex is a low-risk, high-reward addition to any real estate portfolio. Whether you're a seasoned
investor or just starting, this property offers a clear path to passive income and long-term wealth building. Don't miss out
on this exceptional investment—schedule your showing today.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Common, Parking Lot
Water Access Desc Public
Roof Type Asbestos Shingle
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 115-29-030
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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