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1565 Newman Ave
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1565 Newman Ave
LAKEWOOD, OH 44107

1565 Newman Ave LAKEWOOD, OH 44107 1565 Newman Ave LAKEWOOD, OH 44107Get Directions ❯
$314,900

Property Description

Inspected, cash flowing & ready to sell! A legal triplex w/ 1, 2 & 3 bedroom units, monthly gross of $3,000. An owner-occupant can purchase to live here & have the other units cover most-to-all expenses then keep this property as pure investment income after accumulating cash while living at this property to purchase another. The numbers also work for investors. The property has many updates; each unit has its own gas/ electric meters; its own entry & laundry. On a large lot with ample parking & yard space (room for multiple-car parking). The 3 BR unit ($1,050/mo) is the upper level, has a very cool layout with an open concept & in-suite laundry. The 2 BR unit ($1,125/mo) has just recently been remodeled in 2020 with new flooring throughout, a new bathroom with tile surround, new kitchen featuring stainless appliances, butcherblock counters and all new cabinets. The 1 BR unit ($850/mo) has updates just completed this year and is toward the side/back with a dedicated living room, dining room & kitchen with stainless appliances and granite counters. This unit also has a bonus room off the back entry that could be great as a mudroom, studio or creative space. The first-floor units have separate access to the basement where storage and laundry are located. All units on furnace heating, updated plumbing system & electrical panels. Roof installed 2019, Many appliances are new and are all included (except 1 w/d set). A great property that will serve you well however you use it!

  • Township Lakewood
  • MLS ID 4314202
  • Property type: THRE
  • Status Contingent
  • Estimated Taxes $3,945

Additional Information

  • Owner's P & L
    Gross Annual Income: $3,025

    Vacancy Percentage:

    Net Operation Income: $0

    Estimate Annual Taxes: $3,945

    Aproximate Lot Size


    Status
     Contingent

  • Units Available: 3
    Unit # Bedrooms Full Baths Half Baths Rent
    1 1 1 $850.00
    2 2 1 $1125.00
    3 3 1 $1050.00
NEOhRex MLS  Listing Courtesy of: Re/max Crossroads Properties
 

Last updated: 09/13/2021 5:49:46 AM

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