1093 E 147th Street

Turnkey duplex investment in Cleveland’s Collinwood neighborhood! Welcome to 1093 E 147th St, a well-maintained 4-bed, 2-bath duplex located directly adjacent to Collinwood High School, a highly desirable, walkable location with strong rental demand. This property is currently producing immediate income with one unit leased at $850/month under a 2-year contract, and the second unit capturing $1,100/month based on HUD Fair Market Rent, offering an attractive total rental income profile. Recent updates include newer furnaces and water heater, freshly painted siding, and new vinyl flooring throughout, reducing near-term capital needs and maximizing return potential. Each unit features functional layouts with separate entrances and solid livability for long-term tenants. With easy access to public transportation, shopping, schools, and major highways, this duplex provides a smart addition to any investment portfolio. Ideal for investors seeking strong current cash flow and long-term growth, or an owner-occupant looking to offset their mortgage. Don’t miss this Collinwood opportunity!