15816 Grovewood Avenue, Cleveland, OH 44110

Property Description

Calling all investors! This excellent cash-flowing opportunity in the Waterloo Arts District of North Collinwood features a lead-certified duplex with highly desirable 3-bedroom units. This duplex, ideally located steps from Humphrey Park, bus lines, Euclid Beach, the Arts District and I-90 access, combines immediate income, future upside and a convenient location in one attractive package.  The lower unit has been newly updated and is ready for occupancy. Both the freshly updated kitchen and bathroom include plank porcelain tile flooring, new cabinetry and new fixtures. New LVP flooring throughout living spaces and spacious living and dining areas with original built-in cabinets allow for easy move in. The upper unit tenant of 6 years pays $895 per month, below $1250 market and $1600 S8 rents, on a month-to-month lease, providing immediate income with future upside.  The partially finished attic space could be completed to formally add two more bedrooms to increase both rental income and overall property value. Upper unit water heater replaced in 2022.  With current income potential of up to $3,200, and more with a finished attic, this solid duplex won’t last long. Make your offer today. This property is offered AS IS. Please DO NOT DISTURB TENANTS. Viewing arranged upon accepted offer.