813 Wayside Rd

Cash-flowing duplex that outperforms the classic 1% rental rule, with tenant in place on Cleveland’s northeast side near South Collinwood. Currently generating $2,000 per month in rental income. This property delivers immediate cash flow with recent improvements already completed—making it a strong, low-friction addition to an investment portfolio. The first-floor unit has been refreshed with new carpet and fresh paint throughout the walls, trim, and cabinets. Kitchen features include laminate countertops and freshly painted cabinetry. Major capital improvements include a new electrical panel, new main plumbing stack with updated basement plumbing, newer appliances, and updated windows in the first-floor unit—helping reduce near-term capital expenses. The second-floor unit includes an enclosed balcony, providing additional usable space. Located minutes from Interstate 90, Glenville High School, and the Waterloo Arts District, the property offers strong accessibility and consistent rental demand. Turnkey rental suitable for market-rate or housing voucher programs, offering flexibility for investors seeking reliable income, proven performance, and minimal upfront work.