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2939 E Derbyshire RD Cleveland Heights, OH 44118
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Key Details
Sold Price $420,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,700 sqft
Price per Sqft $113
Subdivision Chelsea Land Cos Chelsea Road
MLS Listing ID 5244390
Sold Date 11/12/26
Bedrooms 10
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 3,700
Year Built 1920
Annual Tax Amount $8,159
Tax Year 2025
Lot Size 6,477 Sqft
Acres 0.1487
Property Sub-Type Duplex
Stories Three Or More
Story Three Or More
Property Description
INVESTORS: 10-bedroom, 4 FULL-bathroom duplex on East Derbyshire between Lamberton and Cottage Grove in Cleveland Heights! Currently, one side is vacant to allow for OWNER-OCCUPANTS, and the other is occupied by medical residents paying $2250 through Spring 2027. Fair Market Rents are $2500 per side (or approximately $60,000 in annual GRI), with CMHA paying up to $2663 for a 5-bedroom unit in 44118. So many improvements have already been made, including: Updated electrical panels, VINYL and glass-block windows, remodeled kitchens, refreshed bathrooms, exterior painting (2023), new roofs on house and garage (2023), CENTRAL AC in both 3rd floors (2023), new carpeting in 2nd and 3rd floor of LEFT side (2026). Each unit has its own, private basement with laundry. There is a 3-car garage + additional parking for up to 3 other cars. Boilers are serviced regularly. Property will transfer POS-compliant.
Location
State OH
County Cuyahoga
Direction South
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling Central Air, Window Unit(s)
Fireplace No
Appliance Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Laundry In Basement, In Unit
Exterior
Parking Features Detached, Garage
Garage Spaces 3.0
Garage Description 3.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Faces South
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 684-20-044
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Financing Cash
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Bought with Colleen Miklus • Keller Williams Greater Metropolitan
NEARBY SCHOOLS & BUSINESSES
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