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1604 Newman Avenue , Lakewood, OH 44107

$275,000
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New to the Market Status - Active
6BEDS 2 fullBATHS 2,240SQUARE FEET 5203363MLS# Land & Home Companys 01SUBDIVISION Lakewood CitySCHOOL

Home Value Estimate


Description

Investment opportunity in the heart of Lakewood's Birdtown neighborhood. This fully occupied duplex offers immediate income with both 3-bedroom, 1-bath units currently rented at $1,400 per month, generating $2,800 in monthly income and $33,600 annually. With strong rental demand in a prime Lakewood location, this property presents an excellent opportunity for investors seeking a cash-flowing asset with upside potential. The left unit has already seen several key improvements, including new windows, a complete kitchen remodel, a complete bathroom remodel, all new flooring, fresh paint, and new drywall installed on the first floor. Whether...read more

Features

  • None
  • Forced Air, Gas
  • 2.0 Stories
  • $7,161 / year Taxes
  • Public
  • Built in 1898