15 Grand Street
Berea, OH 44017

Property Description

Nestled in Berea’s highly picturesque Century Home Garden District & its distinguished showcase of architecturally alluring homes is an intriguing investment opportunity that rarely presents itself: 3 INSEPARABLE STRUCTURES that are profitable as investments or perhaps as a family estate inviting multi-generational living with the privacy of separate dwellings. First, detailed in this listing, is 15 Grand Street, a classic 4BR, 1.5BA craftsman style bungalow w/generously appointed rooms and exuding charm galore. Included in the same parcel is a SECOND STRUCTURE: the substantial detached 5-car heated garage with generous overflow workshop space+second floor storage loft. The THIRD STRUCTURE, separately parceled but inseparable from 15 Grand is 11 Grand: a historic 2-family residence with both stately period details as well as showcasing two new kitchens, new flooring, fresh painting and new tear-off roof, new siding & new gutters. Inseparable per the City of Berea, these properties have scarcely experienced vacancy as they are rented from one school year to the next by B.W. students who are a short walk to all college & city amenities as the landlord enjoys uninterrupted cash flow from parent-signed leases. Each property with respective leases is detailed in the supplements. Garages are vacant/excluded from lease. Famous as an endearing town with a pedestrian-friendly “public promenade” by which to enjoy shops, dining and so much more, 15 Grand / 11 Grand - with its many capital improvements, close proximity to Baldwin Wallace and the Berea Triangle, and inclusion in the highly desirable Century Home Garden District, make this a golden opportunity for investors and owner occupants alike! NOTE THIS LISTING COMBINES INCOME AND ANNUAL TAXES FOR BOTH 11 AND 15 GRAND, BUT DETAILS ONLY 15 GRAND. 11 GRAND, separately parceled as 364-05-017 and inseparable from the sale of 15 Grand, is detailed in the supplements.