1539, 1543 Babbitt Road
Property Description
Two extensively renovated townhouses, two separate parcels, and an excellent opportunity to expand your real estate investment portfolio! Offered together as a duplex, 1539 and 1543 Babbitt Road provide the advantages of a two-unit income property with the added flexibility of individually parceled townhouses. Both homes underwent substantial renovations in 2019, including new roofs, siding, windows, updated plumbing, electrical systems, furnaces and water heaters, remodeled kitchens and bathrooms, new flooring, trim, doors, and numerous cosmetic improvements. Each townhouse features two bedrooms, one full bathroom, a full basement with laundry, and separately defined living spaces. The properties have been maintained in good overall condition, reducing the need for extensive initial improvements. 1543 Babbitt Road is currently tenant occupied at $945 per month, providing immediate rental income. The adjoining townhouse at 1539 Babbitt Road is vacant and was previously rented for $1,050 per month, giving the new owner an opportunity to select a tenant or explore an owner-occupied investment arrangement. At these rental rates, the two properties offer combined potential gross rental income of $1,995 per month, or $23,940 annually, before expenses and vacancy. What makes this offering particularly appealing is the separate parcel ownership. Investors can acquire both properties together while maintaining the potential for separate financing and individual resale, subject to lender and title requirements. Each townhouse is also offered for sale individually. Conveniently located in Euclid with access to shopping, dining, and major transportation routes, these updated townhouses offer a combination of current income, rental potential, and long-term ownership flexibility. Please do not disturb the tenant at 1543 Babbitt Road.
Broker Details
Greater Cleveland (216) 839-5500
MLS ID: 2019002705 State License Number: 2019002705
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $199,900 |
| Year Built: | 1943 |
| Lot Size: | 2,342.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-NEOHREXOH-5253152
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