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USAOHEuclid20249 Lake Shore Blvd
20249 Lake Shore Blvd, Home with 6 bedrooms, 4 bathrooms and null parking in Euclid OH | Image 1
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$260,000

20249 Lake Shore Blvd, Euclid, OH

Real Estate

For Sale

$--,---,---
640
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 3186 sqft
Garage Yes
Taxes $4,980
Days Active 0
Lot Size 
Approx. Age 1984
Avg. Price Per Sqft $81
MLS® Number 5160330

Property Address: 

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

Description

Rare duplex opportunity on Lake Shore Blvd. Custom built in 1984 and owned by only two families since, this side-by-side brick duplex offers nearly 2, 000 SF per unit with 3 bedrooms, 1.5 baths, private finished basements, and a bonus of separate driveways and private 2-car garages. Only 49 years old, this home was built to high standards and has been diligently maintained - that means you are likely to escape the costly surprises common in Euclid’s older housing stock. It is time, however, for renovations to maximize rental income: kitchens, baths, flooring, and interior paint. For owner-occupants: live in one side, let your tenant pay your mortgage. For investors - whether this is your first rental property or you are adding to your portfolio, you will enjoy low risk now, and strong equity gains over time. The location is in one of Euclid's highest rent locations, with strong rental demand and rapidly increasing rents. After renovations, these units will commanding top market rents and deliver high cap rates, cash-on-cash returns, and flexible exit strategies. Ask for the detailed financial model showing the 5-year ROI. Want to double your income, purchase the identical property next door: 20207 Lake Shore. Owner occupants and tenants alike can live the lake lifestyle with membership privileges at Arcadia Beach Club. Plus, this home is just minutes from the urban oasis of Euclid Creek Reservation where there is something for everyone year-round with more beaches, parks, nature preserves and scenic overlooks, a marina for boating and fishing, picnic pavilions, and even an historic village.Show Description
MLS® Number5160330
Laundry LevelWasher Hookup, Electric Dryer Hookup, In Basement
Central VacNo
FireplaceNo
Acreage0.1919
Exterior
GarageYes
Approx. Age1984
BasementFull, Partially Finished
DrivewayDetached, Garage
Garage Spaces
HeatForced Air, Gas
A/CCentral Air
Heating Fuel

Extras

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