3819 Storer Ave, Cleveland, OH 44109
Turnkey Cash-Flow Duplex | Fully Occupied | Clark Fulton
Marketing description
This fully-occupied duplex in Clark Fulton delivers immediate income from day one, no lease-up, no vacancy risk. Each unit offers 3 bedrooms and 1 bath, currently rented at $800/month per unit. Unit 2 is leased through the end of September; Unit 1 is month-to-month, positioning the next owner to bring rents to market without disrupting cash flow.
Rent upside is well-documented: CMHA's payment standard for a 3-bedroom voucher in this zip code reaches $1,570/month, meaningfully above the current in-place rent of $800. That gap represents built-in equity for an investor willing to work with Section 8 tenants or reposition at turnover.
The property sits on Cleveland's West Side, minutes from MetroHealth's main campus, the W. 25th Street corridor, and quick access to I-71 and I-90, an area that's seen strong recent price and rent growth. Low-maintenance layout, solid rental history, and a stabilized income stream make this a straightforward addition to any portfolio.
Investment highlights
Turnkey, fully-occupied cash-flow duplex in Clark Fulton. Two 3-bed/1-bath units, both currently rented at $800/month each ($1,600/month gross, $19,200/year). Unit 2 leased through September; Unit 1 month-to-month, giving an easy path to reposition rents. CMHA payment standard for a 3-bedroom voucher in this zip code runs up to $1,570/month, well above current in-place rent, real embedded upside as leases turn. Low-maintenance layout and solid rental history. Located on Cleveland's West Side near MetroHealth, the W. 25th corridor, and quick highway access, an area seeing strong recent price and rent growth.
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