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3331 Cedarbrook Road, Cleveland Heights, OH 44118

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For Sale

$299,000

8 beds • 4 baths • 1 half baths • 4,100 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • $72.93
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 5127248

Courtesy Of KW Living

(440) 318-1620

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Forced Air
  • Lot Size
    0.16 Acres
  • Roof Type
    Asphalt
  • Rooms
    Laundry Room

Map and Directions

Directions to 3331 Cedarbrook Road, Cleveland Heights, OH 44118

Home seller CENTURY 21 HomeStar

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CENTURY 21 HomeStar

(440) 449-9100
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Monthly Payment Breakdown

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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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