OH > Euclid
Euclid, OH 44123,20249 Lake Shore BLVD
Euclid, OH 44123,20249 Lake Shore BLVD
Euclid, OH 44123,20249 Lake Shore BLVD
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$260,000
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6 Beds
4 Baths
3,186 SqFt
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20249 Lake Shore BLVD Euclid, OH 44123

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Karen Derosa

Karen Derosa

+1(740) 296-0062

UPDATED:

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

Northern Ohio Regional MLS (YES-MLS)
Listed by Melanie M Sweeney • Keller Williams Greater Metropolitan • melanie@togetheryourmove.com, 216-288-0199

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Karen Derosa

Karen Derosa

Agent | License ID: SAL.2006003053

+1(740) 296-0062

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20249 Lake Shore BLVD

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