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Property Description

Excellent Investment Opportunity in Newburgh Heights! Not only is it well maintained throughout its life, but it is on a charming street corner with a large back yard and garage! This fully tenant-occupied (one long-term) duplex is a cash-flowing asset from day one, perfect for investors seeking immediate returns. The up two 2-bedroom, 1-bath units has been updated with brand-new appliances, including a stove and refrigerator, enhancing tenant satisfaction and reducing near-term maintenance costs. Laundry is conveniently located in the basement with a washer and dryer provided. Situated in the historic and peaceful village of Newburgh Heights, this property offers tenants a desirable community with a low cost of living. The neighborhood's prime location provides easy access to major highways, putting tenants just minutes from the amenities of Downtown Cleveland while enjoying a quieter, suburban feel. For investors, Newburgh Heights represents a stable and appreciating market; home values in the area have seen a significant increase over the past year, and the rental market is considered hot with rising demand. This duplex is a solid choice to begin or expand your portfolio, combining the benefits of a turnkey, income-producing property with the long-term growth potential of a well-positioned community.

Overview

Property Status
For Sale
Lot Size
3,680.82 Sq.Ft.
MLS ID
5170721
Property Type
Multi-Family
Year Built
1905

Features & Amenities

Stories
2
Water Source
Public
Roof
Asphalt, Shingle
Parking
Detached, Garage
Heat Type
Forced Air
Air Conditioning
None
Sewer
Public Sewer
School District
Cleveland Municipal - 1809
Sales Price
$175,000
Real Estate Tax
$2,139/yr

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3946 E 54th Street

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3946 E 54th Street

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