Property
Beds
7
Full Baths
2
1/2 Baths
None
Year Built
1919
Sq.Footage
3,347
Rare opportunity to acquire a fully renovated Lakewood duplex offering over 3,300 square feet of living space and exceptional rental potential. Renovated in 2022, this property features updated finishes throughout, including granite countertops, stainless steel appliances, modern tile showers, and numerous mechanical improvements. The first-floor unit offers 3 bedrooms and is currently occupied on a month-to-month basis at $1,400 per month. The expansive upper unit encompasses both the second and third floors, offering 4-5 bedrooms and was previously rented for $2,100 per month, with potential for increased rental income in today's market. Whether you're looking to owner-occupy or maximize cash flow, the vacant upper unit provides immediate flexibility. Additional improvements include updated HVAC systems installed in 2018/2019. The property is Point of Sale compliant, allowing a buyer to focus on operations rather than deferred maintenance. Located in one of Northeast Ohio's most sought-after rental markets, residents enjoy easy access to Lakewood's vibrant restaurant scene, shopping, parks, nightlife, and convenient access to Downtown Cleveland. Opportunities to acquire a renovated, large-format duplex in this location are increasingly difficult to find. Ideal for investors seeking strong rental demand or owner-occupants looking to offset their mortgage with rental income. Absolutely no seller financing, no wholesale contracts, END BUYERS ONLY.
Features & Amenities
Interior
-
Other Interior Features
Ceiling Fan(s), Crown Molding, Granite Counters, Natural Woodwork
-
Total Bedrooms
7
-
Bathrooms
2
-
Above Grade Finished Area
3347.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Central Air
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Aluminum Siding
-
Other Exterior Features
Balcony
-
Parking
Detached, Garage
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.155
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$450,000
-
Tax Amount
$5,927
-
Sq. Footage
3, 347
-
Price/SqFt
$134
HOA
-
Association
No
School District
-
Elementary School
Lakewood CSD (Cuyahoga)- 1817
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Lakewood CSD (Cuyahoga)- 1817
Middle School
High School
Listing Courtesy of Michael L Magno , Keller Williams Living
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