USAOHCleveland HeightsCedarbrook3331 Cedarbrook Rd
3331 Cedarbrook Rd, Home with 8 bedrooms, 5 bathrooms and null parking in Cleveland Heights OH | Image 1
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$299,000

3331 Cedarbrook Rd, Cleveland Heights, OH

Real Estate

For Sale

$--,---,---
850
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 4100 sqft
Garage Yes
Taxes $6,568
Days Active 75
Lot Size 
Approx. Age 1920
Avg. Price Per Sqft $72
MLS® Number 5127248

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This massive, townhome-style duplex features two units, each with 4 bedrooms, 2 full baths, 3 stories, a 3 seasons room and a full, private basement. The classic architecture and larger-than-average layouts set the stage for top-of-market rents. Both units are updated with modern kitchens, renovated bathrooms, new lighting, and fresh paint throughout. Major systems are dialed in, it has vinyl windows, solid mechanicals, and a newer garage (2021). Both units are ready for immediate occupancy. Once units are placed at $2, 400/month each, the proforma NOI soars over $37, 000, delivering a cap rate of 11.75%! With its proximity to the Cleveland Clinic and University Circle, this property is also perfectly positioned for furnished mid-term or short-term rentals, offering even greater income potential. Opportunities like this are nearly impossible to duplicate. Whether you want stable cash flow or are ready to maximize your profits through flexible rental strategies, this property delivers. **Roof is older and will likely require replacement in the next 5 years.Show Description
MLS® Number5127248
Laundry LevelLaundry Chute, Gas Dryer Hookup, In Basement
Central VacNo
FireplaceNo
Acreage0.1583
Exterior
GarageYes
Approx. Age1920
BasementFull
DrivewayDetached, Garage
Garage Spaces
HeatForced Air
A/CNone
Heating Fuel

Extras

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