Property
Beds
4
Full Baths
2
1/2 Baths
None
Year Built
1920
Sq.Footage
1,799
Turnkey leased two-family in Detroit Shoreway, a half mile from Gordon Square and minutes from Ohio City, Edgewater and downtown. Both units are under written lease with contracted increases running into 2029, so the income is in place and documented on day one. $2,850 monthly gross today, stepping to $3,150 by August 2028 under signed leases. That is $34,200 rising to $37,800 with no renegotiation required. The lower unit is held by a corporate tenant on a three-year term through August 2029 with written short-term rental authorization, and that lease assigns lawn care, landscaping and snow removal to the tenant. The unit is the showpiece: white shaker kitchen with stainless suite, stone counters and mosaic backsplash, open-concept living and dining, a spacious primary and secondary bedroom, separate game room/bonus room with closet, in-unit laundry, and a renovated bath in marble-look tile with lighted vanity. The upper unit is separately accessed with its own updated kitchen, bath, luxury vinyl tile, in-unit laundry, and opens off the bedroom to a private rooftop area with deck potential. 2026 brought a complete tear-off roof with architectural shingles, all new siding over Tyvek house wrap, new gutters and downspouts, new windows on the east elevation, and a new air conditioning condenser. The big-ticket work is done. 1,799 finished square feet above grade, full basement, forced air gas heat with central air, separately metered electric, and off-street parking at the rear. Both units are registered as rentals with the City of Cleveland and a certified lead risk assessment is already underway. Executed leases, tenant payment history, actual utility billing and a full investor analysis with size-matched rent comparables and relevant size-matched sales are all attached in the supplements. Attractive appreciation upside and steady income make this a terrific investment to add to any portfolio.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
2
-
Above Grade Finished Area
1799.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Other Exterior Features
Balcony
-
Parking
Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.069
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$305,000
-
Tax Amount
$4,706
-
Sq. Footage
1,799
-
Price/SqFt
$169
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
Cleveland Municipal - 1809
-
High School
Cleveland Municipal - 1809
Property Features
-
Stories
2
-
Sewer
Public Sewer
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
Cleveland Municipal - 1809
High School
Cleveland Municipal - 1809
Listing Courtesy of Candace Papotto, The Agency Cleveland Northcoast
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
AGENT
Tami Reiss
Call Tami today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.