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20249 Lake Shore Boulevard, Euclid, OH 44123

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For Sale

$260,000

6 beds • 4 baths • 2 half baths • 3,186 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • Newly Listed
    Time on Century 21

  • $81.61
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

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.
MLS# 5160330

Courtesy Of Greater Cleveland

(216) 839-5500

Property Features

  • Age
    41-50 Years Old
  • Appliances
    Dishwasher, Range, Refrigerator
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.19 Acres
  • Roof Type
    Asphalt
  • Rooms
    Laundry Room

Map and Directions

Directions to 20249 Lake Shore Boulevard, Euclid, OH 44123

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† 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.