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!
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
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#: 5040817
Originating 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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