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12301 Forest Avenue, Cleveland, OH 44120

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For Sale

$150,000

6 beds • 2 baths • 2,004 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $74.85
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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, cafes, 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!
MLS# 5171727

Courtesy Of Lokal Real Estate, LLC

(216) 252-6580

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Forced Air
  • Lot Size
    0.11 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 12301 Forest Avenue, Cleveland, OH 44120

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CENTURY 21 HomeStar

(440) 449-9100
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Mortgage Calculator

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Monthly Payment Breakdown

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  • Hazard Insurance
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.