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REALTOR®
BEDS4
BATHS2 full
SQUARE FEET2,040
MLS#5249309
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONW E Amblers
SCHOOLEuclid City
Property Description
Great opportunity for an owner-occupant or investor! Offering an estimated 11% cap rate, this well-maintained duplex features numerous updates including the roof, furnace, hot water tank, windows, and cosmetic improvements throughout. The first-floor unit offers 2 bedrooms and 1 full bath and is currently vacant and ready for an owner-occupant or new tenant. The upper unit features 2 bedrooms, 1 full bath, and additional finished attic space and is currently tenant occupied at $1,250/month with the tenant paying all utilities. The current lease runs through the end of January. Investors have the opportunity for approximately $2,350/month in gross rental income with the lower unit projected at $1,100/month, offering an estimated 11% cap rate at the $217,000 asking price based on projected expenses. Additional features include a 2-car detached garage and updated windows throughout. Upper unit available for viewing after an accepted offer. A great opportunity to add a solid duplex to your portfolio or live in one unit while generating income from the other.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Window Unit(s)
Garage: 2
Heating: Forced Air
Lot Size: 0.16 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $2,517 / year
Year Built: 1927
Feature Descriptions
Days on Site: 4
Exterior: Wood Siding
Parcel#: 646-28-018
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Euclid City
Listed By / Shown By
Listed By
Agency Name: Plum Tree Realty, LLC
Agency Contact: 216-217-0223, support@plumtreerealty.com
Shown By
Agent Name: DeHOFF Commercial Real Estate
Agent Phone: (330) 499-8153
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 1,231.67 per month $958.63 Principal & Interest $209.75 Property Tax $63.29 Homeowner's InsuranceChange Payment Information
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1538-1540 E 204th Street | MLS# 5249309
This multi-family property located at 1538-1540 E 204th Street, Euclid, OH 44117 is currently listed for sale with an asking price of $217,000. 1538-1540 E 204th Street is located within the Euclid City school district. Search Euclid real estate on dehoffcommercial.dehoff.com today.