Are you in the market for a real estate investment opportunity in Ohio? Look no further than this Ohio duplex for sale, located on the border of the Duck Island neighborhood section of Ohio City. This area is experiencing a surge in redevelopment, making it a prime location for investors, builders, and renovation specialists.
Adjacent to this duplex is a construction site for five luxury condo units, which are selling for an impressive price range of $500,000 to $550,000. This indicates the high demand for housing in the area, making this fourplex an excellent opportunity for potential buyers.
Each unit in this Ohio duplex features two bedrooms and one bathroom, providing ample space for residents. Furthermore, the demo work has already been completed on one of the upper units, allowing for easy renovations or customization to suit your preferences.
Currently, the owner occupies one of the lower front units, while the other two units are occupied by tenants with a month-to-month agreement. This means that you can generate rental income from day one, providing a steady cash flow while you decide how to maximize the potential of this property.
Additionally, the lower back unit boasts a small deck and utilizes the fenced backyard, adding an extra level of comfort and outdoor space for residents. The location of this duplex is also a major selling point, as it is situated between W. 26th and W. 27th Street, within walking distance of the popular West Side Market and West 25th Street, which is home to a variety of restaurants, bars, and retail stores.
For families with children, the Paul L. Dunbar Elementary/Middle School is conveniently located just one block away from this fourplex. This makes it an attractive option for families looking for a rental property in a neighborhood with excellent educational opportunities.
Furthermore, the future of this area looks promising, as just two blocks east of the former Voss Industries building, a development company has recently purchased the property with plans to convert the 240,000 square feet into luxury condos, apartments, and retail space. This indicates that the value of this Ohio duplex could increase even further in the future, making it a wise investment choice.
Overall, this Ohio duplex for sale presents a unique opportunity for investors, builders, and renovation specialists alike. With its prime location, the potential for rental income, and ongoing redevelopment in the surrounding area, now is the time to consider this property as your next real estate investment. Don’t miss out on this chance to be part of the thriving Ohio City community.
2706 Monroe Avenue, Cleveland, OH 44113