20249 Lake Shore BLVD new Save Request In-Person Tour Request Virtual Tour
Euclid,OH 44123
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,186 sqft
Price per Sqft $81
MLS Listing ID 5160330
Bedrooms 6
Full Baths 2
Half Baths 2
HOA Y/N No
Abv Grd Liv Area 2,556
Year Built 1984
Annual Tax Amount $4,980
Tax Year 2024
Lot Size 8,359 Sqft
Acres 0.1919
Property Sub-Type Duplex
Stories Two
Story Two
Property 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.
Location
State OH
County Cuyahoga
Rooms
Basement Full,Partially Finished
Interior
Heating Forced Air,Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher,Range,Refrigerator
Laundry Washer Hookup,Electric Dryer Hookup,In Basement
Exterior
Parking Features Detached,Garage
Garage Spaces 2.0
Garage Description 2.0
Fence None
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Euclid Csd - 1813
Others
Tax ID 642-02-166
Special Listing Condition Standard