Homes for sale - 18405 Newell RD, Shaker Heights, OH 44122

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Aaron Gobble

agobble21@gmail.com +1(330) 612-2155

$ 310,000

Est. payment | -/mo

7 Beds

4 Baths

3,094 SqFt

Save

$ 310,000

Est. payment | -/mo

Save

7 Beds

4 Baths

3,094 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,094 sqft

Price per Sqft $100

Subdivision Vansweringen

MLS Listing ID 5119064

Bedrooms 7

Full Baths 3

Half Baths 1

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 3,094

Year Built 1928

Annual Tax Amount $6,023

Tax Year 2024

Lot Size 6,751 Sqft

Acres 0.155

Property Sub-Type Duplex

Property Description

Discover 18403 Newell Ave, a meticulously updated duplex in vibrant Shaker Heights, OH, listed for $310,000. This exceptional investment property features two units: a charming 2-bedroom, 1-bath unit and a spacious 5-bedroom, 2-bath unit, both boasting modern finishes for low maintenance and strong tenant appeal. With an estimated monthly income of $5,240 ($62,880 annually) and with estimated expenses the property delivers a net operating income of $45,023, a solid 14.5% cap rate, and an impressive cash-on-cash return. The property includes a detached 3-car garage for ample parking or storage and will transfer point of sale compliant with the City of Shaker Heights, ensuring a seamless transaction. Perfectly situated near top-rated Shaker Heights City School District schools, the bustling Van Aken District's dining and shopping, RTA Blue/Green Line public transit, and local businesses, this duplex offers unmatched convenience. Shaker Heights, a premier Cleveland suburb, is celebrated for its historic architecture, tree-lined streets, and proximity to cultural landmarks like the Cleveland Museum of Art and recreational areas such as Shaker Lakes. With easy access to downtown Cleveland, this property is ideal for investors or owner-occupants seeking rental income.

Equal housing opportunity. All information is deemed reliable but not guaranteed; buyers should verify financials and details.

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Interior

Heating Hot Water, Steam

Cooling None

Fireplace No

Window Features Insulated Windows

Appliance Refrigerator

Laundry Washer Hookup

Exterior

Parking Features Concrete, Detached, Garage

Garage Spaces 3.0

Garage Description 3.0

Fence Partial

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Shaker Heights Csd - 1827

Others

Tax ID 736-20-041

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Listed by John Currid • VSD Realty, LLC. • 216-406-1772 victor@vsdrealty.com

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(330) 612-2155

agobble21@gmail.com

Akron, OH, United States

18405 Newell RD Shaker Heights, OH 44122