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3825 Mayfield RD Cleveland Heights, OH 44121
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Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,742 sqft
Price per Sqft $91
Subdivision John A Spetrinos Resub
MLS Listing ID 5211588
Sold Date 09/15/26
Bedrooms 6
Full Baths 2
Half Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,742
Year Built 1957
Annual Tax Amount $5,863
Tax Year 2025
Lot Size 10,737 Sqft
Acres 0.2465
Property Sub-Type Duplex
Stories Two
Story Two
Property Description
Cleveland Heights brick duplex, with rare 3-bedrooms per side and a potential annual GRI of $50K, is just a few miles from Case Western Reserve University and both The Cleveland CLinic's and University Hospital's main campuses!!! This well-maintained investment property offers immediate cash flow with both units currently occupied and month-to-month. This side-by-side duplex features similar layouts in each unit, with a spacious family living, formal dining room, and well-equipped kitchen, as well as 1 of the 3 bedrooms and the half bath on the 1st floor and two additional bedrooms and the full bathroom upstairs. One of the units has CENTRAL AC, which could easily be added to the other unit, as well. Each unit also enjoys its own private basement, with laundry hook-up and plenty of storage and has enough room to add a family room. Additionally, this property has been given many updates recently, including: new roof and gutters (2023), new furnaces (both in 2024), and some electrical updates (2025) .... Current long-term tenants are month-to-month. CMHA sets monthly rent for a 3-bedroom in 44121 at $2067 per month, which would generate approximately $50,000 annually in GRI. This property EASILY beats the 1% Rule and 10-cap requirement. So, if you are looking to househack as an owner-occupant, or add a stress-free property to your rental portfolio, this property is FOR YOU!
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Detached, Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Shingle
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 683-03-094
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
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Bought with Nirali Dobaria • Howard Hanna
NEARBY SCHOOLS & BUSINESSES
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