3909 Memphis AvenueCleveland, OH 44109

3909 Memphis AvenueCleveland, OH 44109

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$289,000 Active
Multi Unit - Multiple MLS 5123525
5 beds 2 full baths 2,354 sqft

Listed By

Agency Name: RE/MAX Transitions
Agency Contact: kitsoldit@gmail.com, 330-221-6578

Shown By

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

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Property Description

Turnkey FURNISHED duplex in Old Brooklyn! (inspection report under supplements) Ideal for a house hack or high yield investment. The upper unit is now vacant, giving investors or owner occupants a great house hacking opportunity. Live in one unit while collecting rent from the other. The lower unit is currently leased at $1,600 per month with utilities included, and a qualified tenant is ready to lease the upper at $1,750 per month with utilities included, bringing potential income to $3,350 per month or more. Because the property is fully furnished and minutes from MetroHealth Hospital, it is also an excellent candidate for short term or midterm rentals where income could exceed that figure. It previously operated as a successful Airbnb. This updated duplex features secure entry, automated locks, and private supply closets, making management simple for both long term and furnished rentals. The upper unit is set up as a three bedroom with a flexible bonus space that can be enclosed to add even more value. Both units have been completely renovated with new flooring, windows, kitchens, bathrooms, drywall, insulation, trim, doors, and appliances. You will also find central air, a security system with video doorbell and remote access, and a concrete pad ready for a future garage build. All furnishings are included at the current offer price, making this a true turnkey investment in one of Cleveland's strongest rental areas. Minutes from the Cleveland Metroparks Zoo, Brookside Reservation, the Memphis Fulton corridor, downtown Cleveland, and MetroHealth's main campus. Whether you are looking for steady long-term cash flow, short term rental upside, or a house hack opportunity, this property checks every box.

3909 Memphis Avenue | MLS# 5123525

This multi-family property located at 3909 Memphis Avenue, Cleveland, OH 44109 is currently listed for sale with an asking price of $289,000. Memphis 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: Full
Basement: Yes
Cooling: Central Air
Days on Market: 262
Heating: Forced Air, Gas
Lot Size: 0.10 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,270 / year
Year Built: 1925

Feature Descriptions

Appliances: Dishwasher, Microwave, Range, Refrigerator
Exterior: Aluminum Siding
Laundry: In Basement
Parcel#: 014-14-014
Parking: Driveway, Detached, Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3909 Memphis Avenue, Cleveland, OH 44109
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

$ 1,683.49 per month $1,410.03 Principal & Interest $189.17 Property Tax $84.29 Homeowner's Insurance

Change Payment Information

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