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1483-1485 Olivewood Avenue, Lakewood, OH 44107

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For Sale
Sale Pending

$389,900

6 beds • 2 baths • 2,376 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $164.10
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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.
MLS# 5110016

Courtesy Of Greater Cleveland

(216) 839-5500

Property Features

  • Age
    Over 50 Years Old
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.08 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 1483-1485 Olivewood Avenue, Lakewood, OH 44107

Home seller CENTURY 21 Asa Cox Homes

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Asa Cox Homes

(440) 639-0002
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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