12301 Forest Avenue, Cleveland, OH 44120

• 6 beds |
• 2 baths |
• 2,004 sqft

Property Description

Discover an exceptional, fully occupied investment opportunity at 12301 Forest Ave! This turn-key duplex delivers strong cash flow from day one, featuring two updated units and long-term tenants already in place. The upstairs unit offers 4 bedrooms and 1 bath, currently rented at $1,200/month with a lease through July 31, 2026. The downstairs unit is a 2 bedroom, 1 bath rented at $1,000/month with a lease through May 31, 2026. Extensively renovated from top to bottom, this property boasts a new roof (2024), new hot water tanks (2024), new furnaces (2024), all-new plumbing, brand-new LVP flooring throughout, fresh interior paint, and two fully remodeled bathrooms—ensuring low maintenance for years to come. Located in the desirable Buckeye Shaker neighborhood, you’re just steps from the Shaker Square Shopping Center, home to the Atlas Movie Theater, Dave’s Market, cafés, and other popular amenities. Commuting is a breeze with quick access to downtown and major transportation routes. With monthly rents that shatter the 1% rule and a cap rate of approximately 17.6%, this is a cash-flow machine you don’t want to miss. Contact your favorite Realtor today—this one won’t last long!

Listing Status:

Pending

Listing Office:

Lokal Real Estate, LLC. : 216-252-6580

Listing Agent:

Keyano Burgess : 216-387-7220

MLS ID:

5171727

Interior

• Basement: Full
• A/C: None
• Heating: Forced AirGas

Exterior

• Parking: On Street

Construction

• Roofing: AsphaltFiberglass
• General: FrameThree Or More

Location

• Originating MLS: NOWDD_NORM
• School District: Cleveland Municipal - 1809
• County: Cuyahoga

Lot

• Zoning: 437 RICEHTS 0188 ALL129-20-041

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM

This listing courtesy of Keyano Burgess, Lokal Real Estate, LLC.