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Sara Eddy

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

$ 217,000

Est. payment -/mo

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1538-1540 E 204th ST Euclid, OH 44117

4 Beds

2 Baths

2,040 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,040 sqft

Price per Sqft $106

Subdivision W E Amblers

MLS Listing ID 5249309

Bedrooms 4

Full Baths 2

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 2,040

Year Built 1927

Annual Tax Amount $2,517

Tax Year 2025

Lot Size 7,122 Sqft

Acres 0.1635

Property Sub-Type Duplex

Property Description

Great opportunity for an owner-occupant or investor! Offering an estimated 11% cap rate, this well-maintained duplex features numerous updates including the roof, furnace, hot water tank, windows, and cosmetic improvements throughout. The first-floor unit offers 2 bedrooms and 1 full bath and is currently vacant and ready for an owner-occupant or new tenant. The upper unit features 2 bedrooms, 1 full bath, and additional finished attic space and is currently tenant occupied at $1,250/month with the tenant paying all utilities. The current lease runs through the end of January.

Investors have the opportunity for approximately $2,350/month in gross rental income with the lower unit projected at $1,100/month, offering an estimated 11% cap rate at the $217,000 asking price based on projected expenses. Additional features include a 2-car detached garage and updated windows throughout. Upper unit available for viewing after an accepted offer. A great opportunity to add a solid duplex to your portfolio or live in one unit while generating income from the other.

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Construction Status Updated/Remodeled

Schools

School District Euclid Csd - 1813

Others

Tax ID 646-28-018

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

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

Special Listing Condition Standard

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

Listed by Tyler Finkler • Plum Tree Realty, LLC • 216-217-0223, [email protected]