16523 Kipling AvenueCleveland, OH 44110

16523 Kipling AvenueCleveland, OH 44110

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$89,000 Active
Multi Unit - Multiple MLS 5182890
4 beds 2 full baths 1,536 sqft

Listed By

Agency Name: Keller Williams Citywide
Agency Contact: markcolucci@kw.com, 440-590-5219

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Cash-Flowing Duplex | Fully Rented | Priced to Sell Multi family investment opportunity at an excellent entry price. This fully rented duplex features two spacious units, each offering 2 bedrooms and 1 full bathroom. With gross rents of $1,490/month, this property is already cash flowing from day one. Both units are well laid out with generous room sizes, making them attractive and easy to keep rented. The property is 100% occupied, providing immediate income with no lease-up period required. Offered at just $89,000, this is a rare chance to secure a low-cost, income-producing asset in Cleveland?ideal for local or out-of-state investors looking to expand their portfolio with minimal upfront capital. Highlights:     ?    Fully rented duplex     ?    2 beds / 1 bath per unit     ?    Spacious layouts tenants appreciate     ?    Low purchase price = strong ROI potential     ?    Ideal for buy-and-hold investors Affordable and easy to manage?this is the kind of deal investors are always looking for. Do not miss this opportunity. Seller prefers to sell as a package with 1377 E 66th St, Cleveland, OH 44103

16523 Kipling Avenue | MLS# 5182890

This multi-family property located at 16523 Kipling Avenue, Cleveland, OH 44110 is currently listed for sale with an asking price of $89,000. Kipling Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Days on Market: 8
Heating: Forced Air, Gas
Lot Size: 0.09 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $1,285 / year
Year Built: 1920

Feature Descriptions

Exterior: Wood Siding
Parcel#: 116-20-112
Parking: Driveway
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 16523 Kipling Avenue, Cleveland, OH 44110
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 567.27 per month $434.23 Principal & Interest $107.08 Property Tax $25.96 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage