20249 Lake Shore Boulevard, Euclid, OH 44123

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 shared 2-car garage. 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 unit and 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 command 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.