4017 E 54th Street
Newburgh Heights, OH 44105

Listed at $159,500

Details

  • MLS# 5171207
  • Multi Unit - Multiple
  • Status Active
  • 5 Bedrooms
  • 2 full Bathrooms
  • 1,850 Square Feet
  • 0.110 acres
  • Built in 1917
  • Cleveland Municipal - 1809 Local Schools
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Description

Looking for your next investment property or possibly house hacking your way into homeownership? This home is the perfect choice. This large duplex is currently 100% occupied and grossing $1,980/month! This property offer instant profits from day 1 and is a cash cow! One of the tenants is on a CMHA voucher offering guaranteed rent! The first floor 2 bed / 1 bath unit has been beautifully updated and has a tenant who stays clean and maintains their unit. The second floor 2 bed / 1 bath unit comes with private access to the huge attic. The attic is currently used for storage but could easily be converted to a finished area for additional bedrooms...read more and living area. Finishing the attic would offer increased rental income and added property value! Both units feature large modern kitchens with appliances, updated bathrooms with incredible finishes, and new flooring. There have also been many capital improvements including a new furnace, two hot water tanks, two electrical panels, and PVC plumbing. The 2-car detached garage was built in 2020! This could be rented out as additional private storage to the tenants. This property features private access to the basement giving you the option ensure your furnaces, hot water tanks and electrical panels are safe and secure. Not only is the property solid it is also located in a central area just 5 minutes from Washington Park and 10 minutes to downtown Cleveland, this up-and-down duplex offers an excellent combination of location, stability, and upside.

Features

  • Ceiling Fan(s)
  • Forced Air
  • 2.0 Stories
  • $2,748 / year Taxes
  • Public
  • Built in 1917
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: Full
  • Basement: Yes
  • Cooling: Ceiling Fan(s)
  • Days on Site: 122
  • Exterior: Aluminum Siding
  • Garage: 2
  • Heating: Forced Air
  • Lot Size: 0.11 Acres
  • Parcel#: 511-16-082
  • Parking: Driveway, Detached, Garage
  • Roof Type: Asphalt
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $2,748 / year
  • Water: Public
  • Year Built: 1917