3331 Cedarbrook RD new Save Request In-Person Tour Request Virtual Tour
Cleveland Heights,OH 44118
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,100 sqft
Price per Sqft $79
Subdivision Cedarbrook
MLS Listing ID 5127248
Bedrooms 8
Full Baths 4
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 4,100
Year Built 1920
Annual Tax Amount $6,568
Tax Year 2024
Lot Size 6,895 Sqft
Acres 0.1583
Property Sub-Type Duplex
Property Description
This massive, townhome-style duplex features two units, each with 4 bedrooms, 2 full baths, 3 stories, a 3 seasons room and a full, private basement. The classic architecture and larger-than-average layouts set the stage for top-of-market rents. Both units are updated with modern kitchens, renovated bathrooms, new lighting, and fresh paint throughout. Major systems are dialed in, it has vinyl windows, solid mechanicals, and a newer garage (2021). Both units are ready for immediate occupancy.
Once units are placed at $2,400/month each, the proforma NOI soars over $37,000, delivering a cap rate of 11.75%! With its proximity to the Cleveland Clinic and University Circle, this property is also perfectly positioned for furnished mid-term or short-term rentals, offering even greater income potential. Opportunities like this are nearly impossible to duplicate. Whether you want stable cash flow or are ready to maximize your profits through flexible rental strategies, this property delivers. **Roof is older and will likely require replacement in the next 5 years.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplace No
Laundry Laundry Chute,Gas Dryer Hookup,In Basement
Exterior
Parking Features Detached,Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 687-07-117