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10222 Parkgate Avenue , Cleveland, OH 44108

$250,000
  • 10222 Parkgate Avenue , Cleveland, OH 44108 Main Photo
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New to the Market Active
BEDS4 BATHS3 full MLS#5195105
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONSuperior Park Sub/B Schatzinger SCHOOLCleveland Municipal - 1809

Property Description

Turnkey, fully renovated duplex offering immediate income and strong cash-flow potential. Upper unit is leased through CMHA Section 8 at $1,326/month. Lower unit is renovated, vacant, and rent-ready with projected rent of approximately $1,200/month, producing estimated gross income of ~$2,526/month (~$30K/year) once stabilized. Property has been updated throughout with modern kitchens, renovated bathrooms, durable flooring, fresh paint, lighting, and fixtures. Spacious layouts feature large living and dining areas, two bedrooms per unit, and abundant natural light. Covered front porch and upper balcony provide outdoor space, and a driveway offers off-street parking. Lead-safe certification has been completed in accordance with Cleveland requirements, reducing compliance costs and delays for rental owners. Basement includes updated electrical panels. Separate utilities typical for area. Convenient location with access to public transit, major roadways, employment centers, healthcare, universities, shopping, and neighborhood services ? supporting strong tenant demand and consistent occupancy. Ideal for buy-and-hold investors, portfolio expansion, owner-occupants seeking rental income, or buyers completing a 1031 exchange. Turnkey condition minimizes upfront capital expenditures and simplifies transition to new ownership.

10222 Parkgate Avenue | MLS# 5195105

This multi-family property located at 10222 Parkgate Avenue , Cleveland, OH 44108 is currently listed for sale with an asking price of $250,000. Parkgate Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on awinkler.mcrealestateohio.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Heating: Forced Air
Lot Size: 0.10 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $1,321 / year
Year Built: 1911

Feature Descriptions

Exterior: Vinyl Siding
Parcel#: 109-09-008
Parking: Driveway
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Listed By / Shown By

Listed By

Agency Name: WR Western Reserve Real Estate
Agency Contact: john@thefreshcoastgroup.com, 216-421-6352

Shown By

Agent Name: Andrew Winkler
Agent Phone: Cell: (937) 416-9690
Agency Title: M.C. Real Estate

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Estimated Payment

$ 739.39 per month $556.39 Principal & Interest $110.08 Property Tax $72.92 Homeowner's Insurance

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