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USAOHLakewoodLakewood1483 Olivewood Ave
1485 - 1483 Olivewood Ave, Home with 6 bedrooms, 2 bathrooms and null parking in Lakewood OH | Image 1
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$389,900

1485 - 1483 Olivewood Ave, Lakewood, OH

Real Estate

For Sale

$--,---,---
620
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2376 sqft
Garage No
Taxes $6,374
Days Active 84
Lot Size 
Approx. Age 1905
Avg. Price Per Sqft $164
MLS® Number 5110016

Property Address: 

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

Description

Unlock an incredible investment opportunity with this well-maintained side by side brick duplex in the heart of Lakewood, Ohio! This property features two sizable units, each with 3 bedrooms and 1 bathroom, totaling 6 bedrooms and 2 bathrooms across approximately 2, 400 square feet. Perfect for investors or owner-occupants looking to capitalize on rental income. Key Features: • Assumable mortgage with ~$208, 000 remaining at an attractive 2.25% interest rate, offering significant savings for qualified buyers • Newer roof for low maintenance costs • Updated water tanks on both sides for reliable operation • Previously generated $3, 100/month in rental income when fully rented • Potential for rent increases to enhance your return on investment • Prime Lakewood location, close to shopping, dining, and transportation • One side vacant for showing, One side Tennant occupied through August This duplex is a standout choice for immediate cash flow and future growth. The assumable mortgage at a low 2.25% rate provides a rare financing edge, complemented by the newer roof and water tanks that keep repair costs in check. One unit currently rented for $1450, and the other previously rented for $1650 provides $3, 100 per month in potential rental income and room to grow, this property promises strong returns.Show Description
MLS® Number5110016
Laundry Level
Central VacNo
FireplaceNo
Acreage0.082
Exterior
GarageNo
Approx. Age1905
BasementFull
DrivewayPaved
Garage Spaces
HeatForced Air, Gas
A/CNone
Heating Fuel

Extras

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