Duplex in University Heights, Cleveland
Asking Price: $275,000
Asset Type: Duplex
Occupancy: Fully Occupied
Neighborhood Grade: A
Square footage: 2,716
Taxes: $5,055
Year Built: 1941
Rent Roll Summary
Unit | Type | Current Rent | Notes |
Unit Up | 3 bedroom 2 bathroom | $1265 + $100 Water Fee | Leased through September |
Unit Down | 2 bedroom 1 bathroom | $1265 + $100 Water Fee | Long term m2m |
Property Overview
Curb Offers Only. Solid property in the University Heights area! Several upgrades recently, including a new furnace, new windows, some interior refresh, updated shower/tub, and exterior staircase—it's in strong, turn-key condition and fully occupied! The property CapEx is in good shape with the roof being replaced in 2013, furnaces are 2025 & 2013, and HWT 2016. Both units have Central A/c! Both units are occupied, bringing in a total of $2,730 each month! Over 2700 square feet of living space! Currently, professionally managed. Property management is willing and happy to continue providing excellent service for the new owners. The property offers off-street parking, garage parking, and a full basement with W/d. Gas and electricity are paid by the tenants. A water fee of $100 is billed to each tenant monthly. Own now in an A-class area!
Comparative Property Sales
- 13574 Cedar Rd 4 beds 2 baths - 265k
- 13678 Cedar Rd 4 beds 2.5 baths - 275k
- 13698 Cedar Rd 6 Beds 2 Baths - 280k
- 13526 Cedar Rd 4 beds 2 baths - 285k
- 13614 Cedar Rd 4 beds 2 baths - 292k
- 13810 Cedar Rd 6 beds 2 baths - 300k
- 2328 Warrensville Center Rd 4 beds 2 baths - 350k
- 2536 Warrensville Center Rd 6 beds 3 baths - 350k
My Take / Upside
Perfect fit for anyone who wants to cashflow in an A class area without doing any work! The property is in strong, turn-key condition and ready to transfer to a new owner. The area is continuing to appreciate and rental demand here is strong.