3946 E 54th ST new Save Request In-Person Tour Request Virtual Tour
Newburgh Heights,OH 44105
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision South End Realty Cos East 55T
MLS Listing ID 5170721
Bedrooms 4
Full Baths 2
Construction Status Unknown
HOA Y/N No
Year Built 1905
Annual Tax Amount $2,139
Tax Year 2024
Lot Size 3,680 Sqft
Acres 0.0845
Property Sub-Type Duplex
Property Description
Excellent Investment Opportunity in Newburgh Heights! Not only is it well maintained throughout its life, but it is on a charming street corner with a large back yard and garage! This fully tenant-occupied (one long-term) duplex is a cash-flowing asset from day one, perfect for investors seeking immediate returns. The up two 2-bedroom, 1-bath units has been updated with brand-new appliances, including a stove and refrigerator, enhancing tenant satisfaction and reducing near-term maintenance costs. Laundry is conveniently located in the basement with a washer and dryer provided. Situated in the historic and peaceful village of Newburgh Heights, this property offers tenants a desirable community with a low cost of living. The neighborhood's prime location provides easy access to major highways, putting tenants just minutes from the amenities of Downtown Cleveland while enjoying a quieter, suburban feel. For investors, Newburgh Heights represents a stable and appreciating market; home values in the area have seen a significant increase over the past year, and the rental market is considered hot with rising demand. This duplex is a solid choice to begin or expand your portfolio, combining the benefits of a turnkey, income-producing property with the long-term growth potential of a well-positioned community.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Detached,Garage
Water Access Desc Public
Roof Type Asphalt,Shingle
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Unknown
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 511-16-064
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Special Listing Condition Standard