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    1603 Cohassett Avenue

    Lakewood, OH 44107
    • $279,000
    • STATUS: Contingent
    • ON SITE: 43 days
    • MLS #: 4276567
    Under Contract
    UPDATED: 43 min ago
    $279,000
    • 5
      BEDS
    • 0.14
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 2,377
      SQFT
    • $117
      $/SQFT
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    School District:
    Listing courtesy of Re/Max Real Estate Group.
    Listing information © 2021 YES-MLS.

    Description

    Spacious 2-family home with all the classic Lakewood charm of natural woodwork in excellent condition, including built-in cabinets in the living rooms and dining rooms, decorative fireplaces, beautifully refinished oak floors, pantries, and big front porches. The house has undergone many improvements, including kitchen & bathroom updates, refinished hardwood floors and new kitchen floors, windows replaced throughout and a newer roof. There is a newer 2-car detached garage (with automatic opener) and a fenced in backyard with a small garden.The lower unit comprises 1,341 sq. ft. of living space with 3 large bedrooms, including a 13x21 master bedroom with a private entrance and its own, large vestibule/mud-room, kitchen, dining room & living room. The upper unit has 1,036 sq. ft. of living space with 2 bedrooms, kitchen, dining room & living room. There is an unusual potential to expand the upper unit into the 3rd floor to create a very large 3BR/2BA unit. The 3rd floor has two fully independent stairways for egress.This is a great opportunity for an owner/investor or owner/occupant. The current owners have found the property very easy to rent because of its condition and its proximity to the many Madison Ave restaurants & shops, as well as easy access to I-90. The upper unit has a long-term tenant on a month-to-month lease who would like to renew. Lower unit is unoccupied as of May 1st. Cashflow has been consistently strong over the last several years.

    Monthly Payment Calculator

    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than RE/MAX Edge Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-24T08:07:38.113.
    www.akroncantonhomesonline.com/homes/117033637
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    1603 Cohassett Avenue Lakewood, OH 44107

    • Price: $279,000
    • Status: Contingent
    • Updated: 43 min ago
    • MLS #: 4276567
    5
    Beds
    2
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,377
    SQFT
    $117
    $/SQFT
    1920
    Built
    Neighborhood:
    Schatzinger & Cotabish Sub
    County:
    Cuyahoga
    Area:
    Lakewood
    School District:
    Lakewood CSD
    Property Description
    Spacious 2-family home with all the classic Lakewood charm of natural woodwork in excellent condition, including built-in cabinets in the living rooms and dining rooms, decorative fireplaces, beautifully refinished oak floors, pantries, and big front porches. The house has undergone many improvements, including kitchen & bathroom updates, refinished hardwood floors and new kitchen floors, windows replaced throughout and a newer roof. There is a newer 2-car detached garage (with automatic opener) and a fenced in backyard with a small garden.The lower unit comprises 1,341 sq. ft. of living space with 3 large bedrooms, including a 13x21 master bedroom with a private entrance and its own, large vestibule/mud-room, kitchen, dining room & living room. The upper unit has 1,036 sq. ft. of living space with 2 bedrooms, kitchen, dining room & living room. There is an unusual potential to expand the upper unit into the 3rd floor to create a very large 3BR/2BA unit. The 3rd floor has two fully independent stairways for egress.This is a great opportunity for an owner/investor or owner/occupant. The current owners have found the property very easy to rent because of its condition and its proximity to the many Madison Ave restaurants & shops, as well as easy access to I-90. The upper unit has a long-term tenant on a month-to-month lease who would like to renew. Lower unit is unoccupied as of May 1st. Cashflow has been consistently strong over the last several years.
    Exterior Features

    Attached Garage YN No Construction Materials Vinyl Siding Exterior Features Paved Driveway Fencing Partial Garage YN Yes Parking Features DetachedGarage Pool Features Community Roof AsphaltFiberglass

    Interior Features

    Appliances DryerRangeRefrigeratorWasher Basement Common BasementFull Basement YN Yes Building Area Total 2377 Cooling Wall Unit(S) Cooling YN Yes Heating Forced AirGas Heating YN Yes

    Property Features

    Above Grade Finished Area 2377 Community Features PlaygroundParkPool Direction Faces West Gross Income 24000 Home Warranty YN No Listing Terms CashConventional Net Operating Income 12606 Number Of Units In Community 2 Operating Expense 11394 Owner Pays SewerTrash CollectionWater Ownership Principal/Nr Property Sub Type Duplex Sewer Public Sewer Tax Annual Amount 5940 Tenant Pays Cable TvElectricityGas Township Lakewood Water Source Public Year Built Details Actual Ybt

    Listing information © 2021 YES-MLS.
    Listing provided courtesy of Re/Max Real Estate Group.
    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than RE/MAX Edge Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-24T08:07:38.113.
     
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    Listing courtesy of Re/Max Real Estate Group.
    Listing information © 2021 YES-MLS.