Lakewood, OH 44107,1656 Victoria AVE
Lakewood, OH 44107,1656 Victoria AVE
Lakewood, OH 44107,1656 Victoria AVE
Lakewood, OH 44107,1656 Victoria AVE
Lakewood, OH 44107,1656 Victoria AVE
Lakewood, OH 44107,1656 Victoria AVE
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$353,000

$299,900

17.7%
Est.Price: ?

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Est. payment /mo

4 Beds

2 Baths

5,000 Sqft Lot


SOLD DATE : 06/21/2024

Key Details

Sold Price $353,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Madison Heights

MLS Listing ID 5040817

Sold Date 06/21/24

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1924

Annual Tax Amount $4,453

Tax Year 2023

Lot Size 5,000 Sqft

Acres 0.1148

Property Description

Introducing a fantastic investment opportunity in the heart of Lakewood, Ohio! This fully rented duplex is a rare gem, generating $2800 monthly with both units currently rented at $1400 each. The upper unit boasts potential for significant value addition, featuring a third floor that can be transformed into one or even two extra bedrooms, maximizing rental income. Both units are beautifully updated, offering modern comforts while retaining classic charm. Hardwood floors flow throughout, and the second unit benefits from a newly renovated bathroom. Each unit enjoys a spacious front porch, with the second unit's porch enclosed, making it a cozy retreat during the winter months. Situated in an ideal spot in Lakewood, this property is within walking distance to a variety of restaurants, trendy coffee shops, and other local amenities, providing a vibrant and convenient lifestyle for tenants. The neighborhood is highly walkable, enhancing its appeal for renters. Proximity to major highways ensures easy commutes, while the nearby Lake Erie/Edgewater area and downtown Cleveland offer abundant recreational and entertainment options. This property has been meticulously maintained by a conscientious owner, evident in every detail. With nothing else like it on the market, this duplex represents a fantastic deal that won't last long. Don't miss out on this exceptional investment opportunity in a sought-after location!

Location

State OH

County Cuyahoga

Interior

Heating Gas

Cooling None

Fireplace No

Exterior

Garage Paved

Garage Spaces 2.0

Garage Description 2.0

Waterfront No

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Parking Type Paved

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Lakewood Csd (Cuyahoga)- 1817

Others

Tax ID 314-03-014

Financing Cash

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Listed by Paul T All • McDowell Homes Real Estate Services • paulall@mcdhomes.com 216-299-3870
Bought with Nicholas Rokakis • Russell Real Estate Services
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