3645 Hildana Road

Shaker Heights, OH 44120

Discover a very rare investment opportunity with this value-add duplex in sought-after Shaker Heights! This property features one occupied unit rented for $995 per month on an annual lease that expires on October 31st 2024. The first floor hosts a spacious 3-bedroom, 1-bath unit, while the second floor mirrors this layout and includes an additional 1-bedroom, 1-bathroom in the attic. This versatile space can either extend the second-floor unit or serve as a separate third unit. Currently zoned as a two-family property, it requires cosmetic updates, including a new kitchen and bathroom on the first floor due to previous damage. With these updates, pro forma rents are expected to reach at least $1,200 for each 3-bedroom unit and $700 for the third-floor space. If Section 8 tenants are considered, the rental income potential could be even higher. Dont miss this chance to maximize your returns with strategic improvements in this prime location!

This is an Active listing.

Broker Office Phone Number: 440-526-9400

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