3633 Cedarbrook Road
Property Description
Excellent investment opportunity in University Heights generating $2,795 in monthly rental income! Located on the corner of Cedarbrook Road and Brockway Road, this spacious side-by-side double offers an attractive combination of strong rental income, generous living space, and the character of an established University Heights neighborhood. Featuring a total of six bedrooms, two full bathrooms, and approximately 2,552 square feet of living space, this classic 1930 property offers the advantages of side-by-side living, with each residence enjoying its own front porch. The side-by-side configuration provides a greater sense of separation and privacy than a traditional up-and-down duplex, making it especially appealing to tenants. Additional features include hardwood flooring, a full basement, and a substantial detached four-car garage-an uncommon and valuable amenity for a two-family property. Currently generating $2,795 per month, or $33,540 in annual gross rental income, this property offers an excellent opportunity for investors seeking an established income stream. Two residences under one roof provide flexibility, with the potential to continue renting both units or eventually occupy one side while collecting income from the other. Conveniently located near shopping, restaurants, parks, schools, universities, and the many amenities of Cleveland's East Side, this property combines a desirable residential setting with convenient access to surrounding communities. Whether you're adding to an established investment portfolio, purchasing your first rental property, or looking for a home that can help offset your living expenses, 3633 Cedarbrook Road delivers a compelling combination of location, space, versatility, and income. A side-by-side double with four garage spaces and $33,540 in annual gross rental income is an opportunity worth exploring!
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: | $289,900 |
| Year Built: | 1930 |
| Lot Size: | 2,552.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 4 |
ID: 3yd-NEOHREXOH-5247878
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
3650 Russell Avenue N
Minneapolis, Minnesota
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout