4308 Beta Avenue, Newburgh Heights, OH 44105
- $199,900
- 4
- BD
- 2
- BA
- 2,200
- SqFt
- List Price
- $199,900
- Status
- PENDING
- Days on Market
- 33
- MLS#
- 5208322
- Subtype
- Residential Income
- Year Built
- 1914
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,200
- Acres
- 0.12
- Subdivision
- South End Realty Cos Washingt
- Neighborhood
- South End Realty Cos Washingt
- MLS Area Major
- Newburgh Heights Village
Property Description
Stunning all-brick double, completely renovated and turnkey! Both spacious 2-bedroom, 1-bath units are tenant-occupied, providing immediate rental income from day one. Each unit features large living and dining rooms, updated kitchens with newer appliances, updated bathrooms, new flooring, fresh paint, and front and rear entrances. Each unit also includes its own garage space. The third floor offers excellent value-add potential and is already partially improved for possible conversion into a third income-producing unit. Much of the preliminary work has been completed, with plans/approvals and installation of a kitchen and bathroom still needed. Buyer to verify all requirements and approvals for conversion. Additional features include a shared basement with laundry and extra storage, two-car garage, upper and lower porches, and solid brick construction. With established tenants, strong in-place cash flow, and current rental income that exceeds the 1% rule at the asking price, this is an outstanding opportunity for investors seeking a turnkey, income-producing property with future upside.
Additional Information
- Taxes
- $2,254
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Stories
- 3
- Levels
- Three Or More
- Roof
- Asphalt, Fiberglass
- Parking Features
- Garage, Off Street, Paved, On Street
- Garage Spaces
- 2
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Chris Kilbane, chriskilbanesells@gmail.com With Russell Real Estate Services
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