$349,000 Price Analysis    ♡   Lakewood, OH 44107 5 bed 2 bath unknown SqFt ($0/SqFt) 4,792SqFt lot. Built 1913 Listed 2024-05-13, Taxes $3,090 | Ⓧ USDA Ineligible due to location near Lakewood |
RARE OPPORTUNITY in LAKEWOOD 2 HOUSES on ONE LOT Looking for a exceptional investment opportunity and cash flow in Lakewood? Here it is.
Close proximity to Downtown Cleveland, the lake, Edgewater Park and Beach. Minutes from Lakewood Park, access to highways, public transit, entertainment options, shopping and trendy restaurants makes this an ideal location. Close to schools, Madison Park with pool and playground and Madison library. Front house features 3 bedrooms, finished 3rd floor, updated bathroom (2023), oak cabinets in kitchen, roomy living room and dining room, hardwood flooring, plenty of storage space in the full basement, updated electrical panel, new hot wate r tank, glass block windows, large front porch. On the back of the lot is a cute and cozy single family home!
First floor features an updated kitchen, living room and dining room. There are two bedrooms and an updated full bath on the second floor. Full unfinished basement with laundry hook-up fr washer and dryer and plenty of room for storage. Brand new roof on back house. Current rents are below market rates. Rents can be bumped up to increase cash flow. Opportunities with 2 houses on 1 lot in Lakewood don't present themselves often. If you are looking to expand or start your rental portfolio or live in one and rent the other, don't miss this one!
Presented by Richard Borelli at
Howard Hanna - Lakewood.
Property MLS #5037891 from MLSNOW
Full Bathrooms: 2
NaturalWoodwork
Window Features: StormWindows
Washer
Laundry Features: WasherHookup, GasDryerHookup, InBasement
Heating: Yes
Playground
PrivateEntrance
RainGutters
Storage
Fencing: Privacy
Lot Size Acres: 0.11
Lot Size Source: PublicRecords
Lot Size Square Feet: 4792
Calculated Total Monthly Association Fees: 0
High School District: Lakewood CSD (Cuyahoga)- 1817
Middle or Junior School District: Lakewood CSD (Cuyahoga)- 1817
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Cuyahoga
Directions: East of Bunts Rd. West of W.117 St. South off Madison Ave.
Tax Year: 2023
Source Property Type: ResidentialIncome
Owner Pays: Water
Parcel Number: 315-20-008
Township: Lakewood
Property Subtype: Duplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $28,490 + $11,520 $40,010 | $3,090 |
| 2021 | $28,490 + $11,520 $40,010 | $3,060 |
| 2020 | $20,060 + $8,120 $28,180 | $2,466 |
| 2019 | $20,060 + $8,120 $28,180 | $2,420 |
| 2018 | $20,060 + $8,120 $28,180 | $2,417 |
| 2017 | $18,340 + $6,160 $24,500 | $2,315 |
| 2016 | $18,340 + $6,160 $24,500 | $2,299 |
| 2015 | $18,340 + $6,160 $24,500 | $2,299 |
| 2014 | $18,340 + $6,160 $24,500 | $2,393 |
| 2013 | $18,340 + $6,160 $24,500 | $2,368 |
| 2012 | $28,070 + $8,440 $36,510 | $2,133 |
| 2012 | $18,340 + $6,160 $24,500 | $2,133 |
| 2010 | $28,070 + $8,440 $36,510 | $3,099 |
| 2009 | $28,070 + $8,440 $36,510 | $2,836 |
| 2008 | $32,655 + $8,960 $41,615 | $3,085 |
| 2007 | $32,660 + $8,960 $41,620 | $3,041 |
$349,000
MLSNOW
Listing removed 2011-06-01
$475
MLSNOW
Price Changed for rent 2011-04-12
$499
MLSNOW
Listed for rent 2011-03-18
$575
MLSNOW
Sold 2001-10-25
$120,000
Public Record
Sold 1998-04-13
$84,000
Public Record
Sold 1994-08-30
$88,000
Public Record
Sold 1994-03-14
$60,000
Public Record
Construction Materials: AluminumSiding, Stucco
Direction Faces: East
Levels: Two
Living Area Units: SquareFeet
Property Age: 111
Roof: Asphalt, Fiberglass
Levels or Stories: 2
Year Built Source: PublicRecords
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.