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$ 175,500
Est. payment /mo
New
15332 Welton DR East Cleveland, OH 44112
4 Beds
2 Baths
4,552 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Euclid 08
MLS Listing ID 5246462
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1915
Annual Tax Amount $939
Tax Year 2025
Lot Size 4,552 Sqft
Acres 0.1045
Property Sub-Type Duplex
Property Description
Strong turnkey investment opportunity at **15332 Welton Drive in East Cleveland**. This duplex features **two 2-bedroom, 1-bath units and is fully occupied with Section 8 tenants**, providing immediate and consistent cash flow from day one. Current in-place rent totals **$2,300 per month**, which is already **$140 per month above the current $2,160 HUD Fair Market Rent** for the property.
The property is positioned as a stabilized, income-producing asset with an estimated **10.00% cap rate**. Located in East Cleveland's 44112 ZIP code near Cleveland Heights, the property offers convenient access to major employment centers, transportation routes, shopping, and other Greater Cleveland amenities.
This property is also available as part of an attractive **four-duplex, eight-unit Cleveland investment portfolio offered at $702,000**, giving buyers the opportunity to acquire a larger collection of income-producing and rent-ready assets within one transaction. The portfolio includes **15332 Welton Dr, 3611 E 116th St, 9223 Adams Ave, and 10906 Nelson Ave**, with more than **$120,000 in capital improvements** completed across the portfolio, including a combination of roofs, furnaces, hot water tanks, Lead Safe certifications, plumbing and sewer work, porches, gutters, windows, cabinets, appliances, and interior improvements.
For investors looking to expand their Cleveland rental holdings, Welton offers an attractive combination of existing Section 8 occupancy, above-FMR rental income, and immediate cash flow, while the full portfolio provides additional scale and diversification across eight units. **No showings without an accepted offer.**
The property is positioned as a stabilized, income-producing asset with an estimated **10.00% cap rate**. Located in East Cleveland's 44112 ZIP code near Cleveland Heights, the property offers convenient access to major employment centers, transportation routes, shopping, and other Greater Cleveland amenities.
This property is also available as part of an attractive **four-duplex, eight-unit Cleveland investment portfolio offered at $702,000**, giving buyers the opportunity to acquire a larger collection of income-producing and rent-ready assets within one transaction. The portfolio includes **15332 Welton Dr, 3611 E 116th St, 9223 Adams Ave, and 10906 Nelson Ave**, with more than **$120,000 in capital improvements** completed across the portfolio, including a combination of roofs, furnaces, hot water tanks, Lead Safe certifications, plumbing and sewer work, porches, gutters, windows, cabinets, appliances, and interior improvements.
For investors looking to expand their Cleveland rental holdings, Welton offers an attractive combination of existing Section 8 occupancy, above-FMR rental income, and immediate cash flow, while the full portfolio provides additional scale and diversification across eight units. **No showings without an accepted offer.**
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 673-04-098
Special Listing Condition Standard
Listed by Kim Lewis • Home Equity Realty Group • Garrett.Rowan@HEQRealty.com; 803-992-1429
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