4 Beds
2 Baths
1,792 SqFt
4 Beds
2 Baths
1,792 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,792 sqft
Price per Sqft $94
Subdivision So Griswolds Allotment
MLS Listing ID 5162233
Bedrooms 4
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 1,792
Year Built 1904
Annual Tax Amount $1,837
Tax Year 2024
Lot Size 5,588 Sqft
Acres 0.1283
Property Sub-Type Duplex
Property Description
The property also includes a 1-car detached garage, adding both convenience and appeal for future occupants. Situated in the West Boulevard neighborhood, this area is known for its charming tree-lined streets, classic architecture, and proximity to Lakewood and downtown Cleveland. Residents enjoy easy access to I-90, shopping, dining, and public transportation, making it a highly desirable location for both renters and homeowners. The neighborhood has been steadily revitalizing, with a mix of long-term residents and new investment driving continued growth and stability.
CMHA rent estimates for 2-bedroom units in the 44102 ZIP code pay as high as $1,260 per unit, giving this duplex a total potential rent of $2,520 per month. At the asking price of $169,900, that equates to an impressive 17.8% gross cap rate and easily surpasses the 1% rule, making this property a cash-flow powerhouse. Whether you're an investor seeking a high-yield addition to your portfolio or a house-hacker looking to live in one unit and rent the other, 7501 Berry Avenue delivers exceptional value, strong returns, and lasting quality in one of Cleveland's most promising neighborhoods.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Driveway, Detached, Garage
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 006-25-069
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Realtor | Lic# 2020004698