3113 Ashwood, Cleveland, OH 44120

Side-by-side duplex in Cleveland's Buckeye-Shaker neighborhood, offered at $250,000, or $125,000 per unit, with both sides occupied. Each unit is a four-bedroom, one-and-a-half-bath layout of roughly 1,750 square feet per county record, and the parcel sits in the Shaker Heights City School District attendance zone on a City of Cleveland price basis. Four-bedroom rental product is thin in 44120. Both units are leased at $1,400 on month-to-month tenancies, with residents in place since March 2023. We underwrite both sides at $1,550, adding $300 a month and $3,600 a year to the $2,800 currently collected, and a four-bedroom rental a few blocks away on Methyl Ave is asking $2,100. Interiors were fully renovated a few years back with white shaker kitchens, stainless appliances, updated baths, hardwood in the living areas and luxury vinyl plank in the bedrooms. A detached two-car garage sits at the rear, and tenants pay all utilities on both sides. Case Western Reserve University is about...