1435 West 50th Street, Cleveland, Ohio 44102, USA

A Great Investment Opportunity in Cleveland, OH

Property Details

A classic multi-family duplex featuring 5 bedrooms, 2 bathrooms, and 1,689 sqft of living space on a 2,520 sqft lot with no garage. The property consists of a 2 bedroom/1 bathroom unit and a 3 bedroom/1 bathroom unit with bonus rooms. Built in 1910, this 2-story Colonial style duplex offers aluminum/vinyl exterior.

• Roof: Old

• Furnace: Old

• AC: N/A

• Plumbing: Old

• Electrical Panel: Not specified

• Water Heater: Old

The property will be delivered vacant at closing.

Investment Highlights

• Hot market for multi-family investments with strong demand

• Duplex ready for full C3 renovation with clear $78K scope of work

• Strong ARV potential of $250K - $270K based on comparable sales ranging from $257K - $298K

• Prime location with walkable access to Gordon Square Arts District, West Side Market, and direct access to Lake Erie Bikeway and Edgewater Park

• Immediate highway connectivity to I-90 and I-71 for downtown and University Circle transit

• Upstairs unit features bonus room that could serve as additional bedroom or office space

• 14.7% ROI potential for buy-and-hold investors

• No HOA restrictions and located outside flood zone

Financial Summary

• ARV (After Repair Value): $250,000 - $270,000

A Wonderful Wholesale Opportunity!