Unlock an incredible investment opportunity with this well-maintained side by side brick duplex in the heart of Lakewood, Ohio! This property features two sizable units, each with 3 bedrooms and 1 bathroom, totaling 6 bedrooms and 2 bathrooms across approximately 2,400 square feet. Perfect for investors or owner-occupants looking to… Read More capitalize on rental income. Key Features: • Assumable mortgage with ~$208,000 remaining at an attractive 2.25% interest rate, offering significant savings for qualified buyers • Newer roof for low maintenance costs • Updated water tanks on both sides for reliable operation • Previously generated $3,100/month in rental income when fully rented • Potential for rent increases to enhance your return on investment • Prime Lakewood location, close to shopping, dining, and transportation • One side vacant for showing, One side Tennant occupied through August This duplex is a standout choice for immediate cash flow and future growth. The assumable mortgage at a low 2.25% rate provides a rare financing edge, complemented by the newer roof and water tanks that keep repair costs in check. One unit currently rented for $1450, and the other previously rented for $1650 provides $3,100 per month in potential rental income and room to grow, this property promises strong returns. Read Less
Courtesy of Keller Williams Greater Metropolitan and Uday T Patel
Listing Snapshot
Days Online
15
Last Updated
Property Type
Duplex
Beds
6
Full Baths
2
Lot Size
0.08 Acres
Year Built
1905
MLS Number
5110016
30 Days Snapshot Of 44107
$193k
+30%
(avg) sold price
10
+11%
homes sold
105
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full
Building
Built in 1905, Construction materials: Brick, Stone, Levels: Two, Living area units: SquareFeet, 1 building, 2
Heating
ForcedAir, Gas
Lot
0.082 acres
Parking
Paved
Roof
Asphalt, Fiberglass, Flat
Sewer
PublicSewer
Taxes
Year: 2024
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