1483-1485 Olivewood Avenue, Lakewood, OH 44107

Property Description

Unlock an incredible investment opportunity with this well-maintained side by side brick duplex in the heart of Lakewood, Ohio! This property features two sizable units, each with 3 bedrooms and 1 bathroom, totaling 6 bedrooms and 2 bathrooms across approximately 2,400 square feet. Perfect for investors or owner-occupants looking to capitalize on rental income. Key Features: • Assumable mortgage with ~$208,000 remaining at an attractive 2.25% interest rate, offering significant savings for qualified buyers • Newer roof for low maintenance costs • Updated water tanks on both sides for reliable operation • Previously generated $3,100/month in rental income when fully rented • Potential for rent increases to enhance your return on investment • Prime Lakewood location, close to shopping, dining, and transportation • One side vacant for showing, One side Tennant occupied through August This duplex is a standout choice for immediate cash flow and future growth. The assumable mortgage at a low 2.25% rate provides a rare financing edge, complemented by the newer roof and water tanks that keep repair costs in check. One unit currently rented for $1450, and the other previously rented for $1650 provides $3,100 per month in potential rental income and room to grow, this property promises strong returns.