15005 Lucknow Avenue
Property Description
Welcome to this amazing turnkey two-family that is generating $2,500 per month in combined rent across two units on annual leases, with both units fully occupied and no lease-up period required - income begins the day you close. The property underwent a comprehensive 2025 renovation covering both units, including new paint, carpet, and kitchen sinks, along with the conversion of former patio space into additional closeted rooms, and new stoves, ovens, and refrigerators throughout. The renovation also addressed major mechanical systems: electrical was fully updated both during the renovation and over the past year, basement plumbing was replaced with PEX, and new water heaters were installed. The property is lead certified through December 2027, and there is no known deferred maintenance. The property is located in Cleveland's Waterloo Arts District, a corridor that has seen sustained growth in galleries, restaurants, and independent businesses in recent years, contributing to steady foot traffic and reinvestment along the strip. Please contact us to schedule a private showing.Broker Details
Lokal Real Estate, LLC (216) 252-6580
MLS ID: 2021006563 State License Number: 2021006563
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $149,900 |
| Year Built: | 1923 |
| Lot Size: | 1,944.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 3 |
ID: 3yd-NEOHREXOH-5249033
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