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Sold for $353,000 on 06/21/24
  • $353,000

    1656 Victoria Ave, Lakewood, OH 44107

    4beds
    --sqft
    Duplex, Multi Family
    Built in 1924
    -- sqft lot
    $372,800 Zestimate®
    $--/sqft
    $2,025 Estimated rent

    What's special

    Introducing a fantastic investment opportunity in the heart of Lakewood, Ohio! This fully rented duplex is a rare gem, generating $2800 monthly with both units currently rented at $1400 each. The upper unit boasts potential for significant value addition, featuring a third floor that can be transformed into one or even two extra bedrooms, maximizing rental income. Both units are beautifully updated, offering modern comforts while retaining classic charm. Hardwood floors flow throughout, and the second unit benefits from a newly renovated bathroom. Each unit enjoys a spacious front porch, with the second unit's porch enclosed, making it a cozy retreat during the winter months. Situated in an ideal spot in Lakewood, this property is within walking distance to a variety of restaurants, trendy coffee shops, and other local amenities, providing a vibrant and convenient lifestyle for tenants. The neighborhood is highly walkable, enhancing its appeal for renters. Proximity to major highways ensures easy commutes, while the nearby Lake Erie/Edgewater area and downtown Cleveland offer abundant recreational and entertainment options. This property has been meticulously maintained by a conscientious owner, evident in every detail. With nothing else like it on the market, this duplex represents a fantastic deal that won't last long. Don't miss out on this exceptional investment opportunity in a sought-after location!

    Zillow last checked: 7 hours ago

    Listing updated: June 24, 2024 at 12:14pm

    Listing Provided by:

    Paul T All paulall@mcdhomes.com216-299-3870,

    McDowell Homes Real Estate Services,

    Amanda Kritzer 216-469-0535,

    McDowell Homes Real Estate Services

    Bought with:

    Nicholas Rokakis, 2018001261

    Russell Real Estate Services

    Source: MLS Now,MLS#: 5040817MLS LogoOriginating MLS: Lake Geauga Area Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Gas
    Cooling
    • None
    Features
    • Has basement: No

    Property

    Parking
    • Total spaces: 2
    • Parking features: Paved
    • Garage spaces: 2
    Features
    • Levels: Three Or More
    Lot
    • Size: 5,000 sqft
    Details
    • Parcel number: 31403014

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Vinyl Siding
    • Roof: Asphalt,Fiberglass
    Condition
    • Year built: 1924

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Lakewood
    • Subdivision: Madison Heights
    Services availability
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