Property
Beds
5
Full Baths
2
1/2 Baths
None
Year Built
1903
Sq.Footage
2,884
Magnificent Lakewood duplex! Attention investors & owner-occupants—this exceptional property offers the best of both worlds. Beautifully remodeled first-floor unit is vacant & ready for immediate occupancy or can be rented for top market value, while the occupied second-floor unit helps offset your mortgage w/immediate rental income. This is not your typical rental property—it has been lovingly maintained & meticulously updated over the years, with true pride of ownership evident throughout. Situated in one of Lakewood's most desirable neighborhoods, this solid investment features updated kitchens w/premium quartz & granite countertops, quality cabinetry, modern finishes. Both units offer bright, sun-filled open floor plans w/updated vinyl windows, modern/spacious living areas, & timeless appeal that attracts & retains quality tenants. First-floor unit features 2 bedrooms, while the second-floor unit offers 2 bedrooms plus a finished third-floor bedroom, studio, flex space. Upstairs unit is currently leased month-to-month at $1,700 per month to a quality tenant who would like to remain. Major mechanical updates provide peace of mind, including updated basement improvements (2009), furnaces approximately 4-6 years old, hot water tanks (2014 & 2015), updated electrical service (2008), and a new PVC sewer line from the house to the street (2020). Separate gas and electric meters keep operating costs efficient, plus the washer and dryer are included. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this turnkey property is a rare opportunity in sought-after Lakewood. The vacant first-floor unit is available for showings. The occupied second-floor unit may be viewed upon acceptance of an offer.
Features & Amenities
Interior
-
Total Bedrooms
5
-
Bathrooms
2
-
Above Grade Finished Area
1901.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Aluminum Siding
-
Parking
Driveway, Gravel
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$319,900
-
Tax Amount
$4,791
-
Sq. Footage
2,884
-
Price/SqFt
$110
HOA
-
Association
No
School District
-
Elementary School
Lakewood CSD (Cuyahoga)- 1817
-
Middle School
Lakewood CSD (Cuyahoga)- 1817
-
High School
Lakewood CSD (Cuyahoga)- 1817
Property Features
-
Stories
3
-
Sewer
None
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Lakewood CSD (Cuyahoga)- 1817
Middle School
Lakewood CSD (Cuyahoga)- 1817
High School
Lakewood CSD (Cuyahoga)- 1817
Listing Courtesy of Christopher A Frederick , Coldwell Banker Schmidt Realty
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Agent / Realtor®
Carla Ponikvar
Call Carla today to schedule a private showing.
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