Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    2

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s)

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Aluminum Siding

  • Parking

    Driveway, Detached, Garage

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.1102

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $159,900

  • Tax Amount

    2748.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of Kevin Hoag , B2B Realty

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Looking for your next investment property or possibly house hacking your way into homeownership? This home is the perfect choice. This large duplex is currently 100% occupied and grossing $1,980/month! This property offer instant profits from day 1 and is a cash cow! One of the tenants is on a CMHA voucher offering guaranteed rent! The first floor 2 bed / 1 bath unit has been beautifully updated and has a tenant who stays clean and maintains their unit. The second floor 2 bed / 1 bath unit comes with private access to the huge attic. The attic is currently used for storage but could easily be converted to a finished area for additional bedrooms and living area. Finishing the attic would offer increased rental income and added property value! Both units feature large modern kitchens with appliances, updated bathrooms with incredible finishes, and new flooring. There have also been many capital improvements including a new furnace, two hot water tanks, two electrical panels, and PVC plumbing. The 2-car detached garage was built in 2020! This could be rented out as additional private storage to the tenants. This property features private access to the basement giving you the option ensure your furnaces, hot water tanks and electrical panels are safe and secure. Not only is the property solid it is also located in a central area just 5 minutes from Washington Park and 10 minutes to downtown Cleveland, this up-and-down duplex offers an excellent combination of location, stability, and upside.

4017 E 54th Street

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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.
#5170721

Newburgh Heights

3946 E 54th Street

4 Beds

2 Baths

N/A

$175,000

MLS#: 5170721

 - property

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