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$ 139,000
Est. payment /mo
New
15816 Grovewood AVE Cleveland, OH 44110
6 Beds
2 Baths
2,802 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,802 sqft
Price per Sqft $49
MLS Listing ID 5202977
Bedrooms 6
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,802
Year Built 1924
Annual Tax Amount $2,200
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Duplex
Property Description
Calling all investors! This excellent cash-flowing opportunity in the Waterloo Arts District of North Collinwood features a lead-certified duplex with highly desirable 3-bedroom units. This duplex, ideally located steps from Humphrey Park, bus lines, Euclid Beach, the Arts District and I-90 access, combines immediate income, future upside and a convenient location in one attractive package.
The lower unit has been newly updated and is ready for occupancy. Both the freshly updated kitchen and bathroom include plank porcelain tile flooring, new cabinetry and new fixtures. New LVP flooring throughout living spaces and spacious living and dining areas with original built-in cabinets allow for easy move in.
The upper unit tenant of 6 years pays $895 per month, below $1250 market and $1600 S8 rents, on a month-to-month lease, providing immediate income with future upside.
The partially finished attic space could be completed to formally add two more bedrooms to increase both rental income and overall property value. Upper unit water heater replaced in 2022.
With current income potential of up to $3,200, and more with a finished attic, this solid duplex won't last long. Make your offer today.
This property is offered AS IS. Please DO NOT DISTURB TENANTS. Viewing arranged upon accepted offer.
The lower unit has been newly updated and is ready for occupancy. Both the freshly updated kitchen and bathroom include plank porcelain tile flooring, new cabinetry and new fixtures. New LVP flooring throughout living spaces and spacious living and dining areas with original built-in cabinets allow for easy move in.
The upper unit tenant of 6 years pays $895 per month, below $1250 market and $1600 S8 rents, on a month-to-month lease, providing immediate income with future upside.
The partially finished attic space could be completed to formally add two more bedrooms to increase both rental income and overall property value. Upper unit water heater replaced in 2022.
With current income potential of up to $3,200, and more with a finished attic, this solid duplex won't last long. Make your offer today.
This property is offered AS IS. Please DO NOT DISTURB TENANTS. Viewing arranged upon accepted offer.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 113-15-011
Special Listing Condition Standard
Listed by Jack Krusinski • EXP Realty, LLC. • jack@21hillrealestate.com, 216-789-6736
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