1483-1485 Olivewood AVE Lakewood, OH 44107

Unlock an incredible investment opportunity with this well-maintained side by side brick duplex in the heart of Lakewood, Ohio! This property features two sizable units, each with 3 bedrooms and 1 bathroom, totaling 6 bedrooms and 2 bathrooms across approximately 2,400 square feet. Perfect for investors or owner-occupants looking to capitalize on rental income.

Key Features:

• Assumable mortgage with ~$208,000 remaining at an attractive 2.25% interest rate, offering significant savings for qualified buyers
• Newer roof for low maintenance costs
• Updated water tanks on both sides for reliable operation
• Previously generated $3,100/month in rental income when fully rented
• Potential for rent increases to enhance your return on investment
• Prime Lakewood location, close to shopping, dining, and transportation
• One side vacant for showing, One side Tennant occupied through August

This duplex is a standout choice for immediate cash flow and future growth. The assumable mortgage at a low 2.25% rate provides a rare financing edge, complemented by the newer roof and water tanks that keep repair costs in check. One unit currently rented for $1450, and the other previously rented for $1650 provides $3,100 per month in potential rental income and room to grow, this property promises strong returns.