$324,900

3331 Cedarbrook Road , Cleveland Heights, OH 44118

 
Bedrooms:8 beds
Bathrooms:4 baths
Residential:4,100 sqft
Lot:0.16
Year Built:1920
Listing Status:Active
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

This massive, townhome-style duplex features two units, each with 4 bedrooms, 2 full baths, 3 stories, a 3 seasons room and a full, private basement. The classic architecture and larger-than-average layouts set the stage for top-of-market rents. Both units are updated with modern kitchens, renovated bathrooms, new lighting, and fresh paint throughout. Major systems are dialed in, it has vinyl windows, solid mechanicals, and a newer garage (2021). Both units are ready for immediate occupancy. Once units are placed at $2,400/month each, the proforma NOI soars over $37,000, delivering a cap rate of 11.75%! With its proximity to the Cleveland Clinic and University Circle, this property is also perfectly positioned for furnished mid-term or short-term rentals, offering even greater income potential. Opportunities like this are nearly impossible to duplicate. Whether you want stable cash flow or are ready to maximize your profits through flexible rental strategies, this property delivers. **Roof is older and will likely require replacement in the next 5 years.

Detailed Items

Other Information

3331 Cedarbrook Road, Cleveland Heights, OH, 44118 is a residential listing of 4,100 sqft on a lot of 0.16. This residential listing has 8 bedrooms, and 4 baths. The map for this location can be viewed on Google maps at Google maps to property3331 Cedarbrook Road, Cleveland Heights, OH
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