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Nick Billock

nickbillockrealtor@gmail.com +1(330) 281-1758

$ 305,000

Est. payment | -/mo

4 Beds

2 Baths

1,799 SqFt

Save

$ 305,000

Est. payment | -/mo

Save

4 Beds

2 Baths

1,799 SqFt

Key Details

Property Type Single Family Home

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,799 sqft

Price per Sqft $169

Subdivision Somers & Winterton Allotment

MLS Listing ID 5243370

Bedrooms 4

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,799

Total Fin. Sqft 1799

Year Built 1920

Annual Tax Amount $4,706

Tax Year 2025

Lot Size 3,005 Sqft

Acres 0.069

Property Sub-Type Duplex

Property Description

Turnkey leased two-family in Detroit Shoreway, a half mile from Gordon Square and minutes from Ohio City, Edgewater and downtown. Both units are under written lease with contracted increases running into 2029, so the income is in place and documented on day one. $2,850 monthly gross today, stepping to $3,150 by August 2028 under signed leases. That is $34,200 rising to $37,800 with no renegotiation required. The lower unit is held by a corporate tenant on a three-year term through August 2029 with written short-term rental authorization, and that lease assigns lawn care, landscaping and snow removal to the tenant. The unit is the showpiece: white shaker kitchen with stainless suite, stone counters and mosaic backsplash, open-concept living and dining, a spacious primary and secondary bedroom, separate game room/bonus room with closet, in-unit laundry, and a renovated bath in marble-look tile with lighted vanity. The upper unit is separately accessed with its own updated kitchen, bath, luxury vinyl tile, in-unit laundry, and opens off the bedroom to a private rooftop area with deck potential. 2026 brought a complete tear-off roof with architectural shingles, all new siding over Tyvek house wrap, new gutters and downspouts, new windows on the east elevation, and a new air conditioning condenser. The big-ticket work is done. 1,799 finished square feet above grade, full basement, forced air gas heat with central air, separately metered electric, and off-street parking at the rear. Both units are registered as rentals with the City of Cleveland and a certified lead risk assessment is already underway. Executed leases, tenant payment history, actual utility billing and a full investor analysis with size-matched rent comparables and relevant size-matched sales are all attached in the supplements. Attractive appreciation upside and steady income make this a terrific investment to add to any portfolio.

Location

State OH

County Cuyahoga

Direction South

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Appliance Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer

Exterior

Exterior Feature Balcony

Parking Features Driveway

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch Balcony

Garage false

Private Pool No

Building

Faces South

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 002-32-138

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

VOW - Northern Ohio Regional MLS (YES-MLS) /MLS Now

Listed by Candace Papotto • The Agency Cleveland Northcoast • Candace.papotto@theagencyre.com, 440-212-4971

Schools and Properties Nearby

5714 Bridge AVE Cleveland, OH 44102