$330,000

1557 Newman Avenue , Lakewood, OH 44107

 
Bedrooms:5 beds
Bathrooms:2 baths
Residential:1,980 sqft
Lot:0.07
Year Built:1908
Listing Status:Active

Listing Agent

Michael Jones
http://www.traditionsrealtors.net
Loan Amount:
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These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Welcome to 1557 Newman Ave — a fully renovated duplex offering incredible income potential and flexibility. With the lower unit previously rented at $1,300/month and the upper unit projected to earn $1,900+/month, this property easily fits the criteria for investors seeking strong returns. It’s also perfect for owner-occupants looking to offset a mortgage with rental income, or those wanting to convert it into a spacious single-family home. The property features 5 bedrooms and 3 full baths in total: a 2-bed/1-bath unit on the first floor and a large 3-bed/2-bath unit spanning the second and third floors. The upper unit includes an updated kitchen and a brand-new third-floor bathroom with new stairs. Recent upgrades (2023–2024) include: All new appliances New flooring throughout both units New front porch and upper balcony Fresh exterior paint New gutters and entry doors Majority of windows replaced Located in a desirable, walkable Lakewood neighborhood near parks, dining, and RTA transit, this turnkey property requires minimal maintenance and is poised for immediate cash flow. Don’t miss this rare chance to own a high-yield asset in one of Greater Cleveland’s hottest rental markets!

Detailed Items

Other Information

1557 Newman Avenue, Lakewood, OH, 44107 is a residential listing of 1,980 sqft on a lot of 0.07. This residential listing has 5 bedrooms, and 2 baths. The map for this location can be viewed on Google maps at Google maps to property1557 Newman Avenue, Lakewood, OH
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