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Sara Eddy

[email protected] +1(330) 310-5259

$ 229,000

Est. payment -/mo

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5810 Madison AVE Cleveland, OH 44102

4 Beds

2 Baths

1,900 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,900 sqft

Price per Sqft $120

Subdivision James M Hoyts

MLS Listing ID 5233677

Bedrooms 4

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,900

Year Built 1900

Annual Tax Amount $3,863

Tax Year 2025

Lot Size 5,000 Sqft

Acres 0.1148

Property Sub-Type Duplex

Property Description

House hack opportunity! This updated duplex is the perfect opportunity for an owner occupant or investor looking to add a turn key property to their portfolio. Each unit offers 2 bedrooms, 1 full bathroom, and a bonus room that's perfect for a home office, nursery, playroom, or additional storage. The upstairs unit has been completely refreshed with brand new carpet, fresh paint, updated LED lighting, and a beautifully remodeled bathroom featuring a brand new tub and tiled tub surround. It's move-in ready for an owner occupant or ready to lease immediately. The lower unit is occupied by a long-term, month to month tenant paying $1,000 per month (currently below market rent), providing immediate rental income with room for future upside. Gas and electric are separately metered with tenants paying their own utilities, while the owner currently pays water and sewer. All kitchen appliances are included in both units, along with one washer and dryer set in the basement. Private entrances and a home warranty included complete this turnkey opportunity. Located in Cleveland's sought-after Detroit Shoreway neighborhood, this property is surrounded by ongoing investment and redevelopment while remaining close to restaurants, shopping, parks, and downtown Cleveland. With new residential developments nearby and continued growth throughout the area, this is an excellent opportunity for both owner occupants and investors alike.

Location

State OH

County Cuyahoga

Rooms

Basement Common Basement, Full, Unfinished

Interior

Heating Forced Air

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Fireplace No

Laundry Common Area, Lower Level

Exterior

Parking Features Driveway, Paved

Water Access Desc Public

Roof Type Asphalt,Shingle

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 002-28-074

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Madison Timoteo • Century 21 DeAnna Realty