Description
Welcome to 1700 Wayside Rd, Cleveland, a 2,544 sq ft duplex offering an appealing opportunity for investors seeking an income-producing property with established tenancy. The upper and lower units each feature 3 bedrooms and 1 full bath, providing a desirable and functional unit configuration. Both units are occupied by long-term tenants on month-to-month leases, offering immediate rental income and flexibility for future ownership strategies. Each unit features a spacious living room, formal dining room, kitchen, three bedrooms, and a full bath. The upper unit adds character with built-in leaded-glass cabinetry in the dining room. The full unfinished basement provides laundry facilities and additional storage for both units. A welcoming front porch and upper-level balcony offer outdoor space, while the large rear parking pad provides convenient off-street parking. With two separate residential units, established tenancy, flexible lease terms, and recent improvements, this property presents a compelling opportunity for investors looking to add to their portfolio or build long-term value! Current rents are below market value and has the potential for higher rental income.
Details
| MLS # | 5239055 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 36 |
| Listing Provided By | Keller Williams Greater Metropolitan | Terry Young |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 3,800 |
| Basement | Y |
| Building(s) | 1 |
| Acreage | 0.14 |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Pad |
Taxes
| Tax Annual Amount | 2295 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44112 |
| Community Name | Terrace View |
| Listing VS Median (in Terrace View) | |
Price: $124,900 low | high Med: $124,900 sqft: 3,800 low | high Med: 3,800 $ / sqft: $33 low | high Med: $33 On site: 36 low | high Med: 36 | |
Market Activity 44112
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44112 |
| Community Name | Terrace View |
| Listing VS Median (in Terrace View) | |
Price: $124,900 low | high Med: $124,900 sqft: 3,800 low | high Med: 3,800 $ / sqft: $33 low | high Med: $33 On site: 36 low | high Med: 36 | |
