1550 Belmar Road Unit 2, East Cleveland, OH 44118

$249,999
8
BD
2
BA
4,402
SqFt

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List Price
$249,999
Status
ACTIVE
Stories
3
MLS#
5252078
Year Built
1922
Bedrooms
8
Bathrooms
2
Living Area
4,402
Region
East Cleveland
Township
East Cleveland
Subdivision / Building
Rapid Transit Land Cos 07

Property Description

Income potential exceeding $4,000 per month near Coventry Village! This vacant duplex offers 8-9 bedrooms across two spacious units. The lower unit features 3 bedrooms with potential for a fourth and was previously leased through CMHA at $1,900 per month, with current published voucher rent of approximately $2,160. The upper unit offers 5 bedrooms across two levels and was previously leased for $2,460 per month, generating combined historical rents of $4,360 monthly. Both units are rent ready with appliances included. Recent improvements include exterior paint, unit updates, flooring, plumbing, upgraded electrical, new furnace, new central air, and newer water heaters. Located just uphill from Coventry Village in a residential neighborhood bordering Cleveland Heights, with convenient access to shopping, dining, and amenities. Similar properties just a few blocks away have sold at over 350k. The street is undergoing a makeover with 2 nearby properties also being flipped.

Additional Information

Taxes
$1,233
Acres
0.13
Sewer
Public Sewer
View
Neighborhood
Roof
Tile
Water
Public
Heating
Forced Air
Cooling
Central Air
School District
East Cleveland CSD - 1812

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Calculator source: Real Geeks

Listing Courtesy of: Erin Thomas, Erinthomas@kwcommercial.com With Keller Williams Living

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