1631 Waterbury RD, Lakewood, OH 44107
1631 Waterbury RD, Lakewood, OH 44107
1631 Waterbury RD, Lakewood, OH 44107
49
See all 49 photos
$450,000
Est. payment /mo
Save
7 Beds
2 Baths
3,347 SqFt
New

1631 Waterbury RD Lakewood, OH 44107

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Emily Shortall

Emily Shortall

+1(740) 994-5131

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,347 sqft

Price per Sqft $134

Subdivision Waterbury Heights

MLS Listing ID 5193425

Bedrooms 7

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 3,347

Year Built 1919

Annual Tax Amount $5,927

Tax Year 2024

Lot Size 6,751 Sqft

Acres 0.155

Property Sub-Type Duplex

Stories Three Or More

Story Three Or More

Property Description

Rare opportunity to acquire a fully renovated Lakewood duplex offering over 3,300 square feet of living space and exceptional rental potential. Renovated in 2022, this property features updated finishes throughout, including granite countertops, stainless steel appliances, modern tile showers, and numerous mechanical improvements. The first-floor unit offers 3 bedrooms and is currently occupied on a month-to-month basis at $1,400 per month. The expansive upper unit encompasses both the second and third floors, offering 4-5 bedrooms and was previously rented for $2,100 per month, with potential for increased rental income in today's market. Whether you're looking to owner-occupy or maximize cash flow, the vacant upper unit provides immediate flexibility.
Additional improvements include updated HVAC systems installed in 2018/2019. The property is Point of Sale compliant, allowing a buyer to focus on operations rather than deferred maintenance. Located in one of Northeast Ohio's most sought-after rental markets, residents enjoy easy access to Lakewood's vibrant restaurant scene, shopping, parks, nightlife, and convenient access to Downtown Cleveland. Opportunities to acquire a renovated, large-format duplex in this location are increasingly difficult to find. Ideal for investors seeking strong rental demand or owner-occupants looking to offset their mortgage with rental income. Absolutely no seller financing, no wholesale contracts, END BUYERS ONLY.

Location

State OH

County Cuyahoga

Direction West

Rooms

Basement Full, Unfinished

Interior

Interior Features Ceiling Fan(s), Crown Molding, Granite Counters, Natural Woodwork

Heating Forced Air

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Range, Refrigerator

Laundry Common Area, Lower Level

Exterior

Exterior Feature Balcony

Parking Features Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch Balcony

Private Pool No

Building

Faces West

Story 3

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Lakewood Csd (Cuyahoga)- 1817

Others

Tax ID 315-06-156

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Michael L Magno • Keller Williams Living • 330-990-3744, michael@themagnogroup.com

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Emily Shortall

Emily Shortall

Broker Associate, Agent | OH & WV | License ID: 2015000549,WV0029886

+1(740) 994-5131

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Emily Shortall, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1631 Waterbury RD

QUICK SEARCH