1550 Belmar Road, Unit 2
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.
Broker Details
KW Living (440) 318-1620
MLS ID: 2019005940 State License Number: 2019005940
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $249,999 |
| Year Built: | 1922 |
| Lot Size: | 4,402.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 2 |
ID: 3yd-NEOHREXOH-5252078
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