Description from Fannie Mae HomePath
2250 E 86th Street, Cleveland, OH 44106. 3 bed | 3 bath | 2,736 sq ft | built 1910 | 3,101 sq ft lot. Discover the potential of this 2-unit investment property, offering an excellent opportunity for investors or owner-occupants seeking rental income and long-term value. Each unit features spacious living and dining rooms, providing comfortable spaces for relaxing, entertaining, and everyday living. The first-floor unit boasts a generously sized ensuite bedroom with double closets, including a walk-in closet, offering exceptional comfort and abundant storage. Each unit is equipped with its own private bathroom, providing added convenience and privacy for residents. According to Cuyahoga Metropolitan Housing Authority (CMHA) the downstairs 1 bedroom can rent for $1,356 a month and the upstairs 2 bedroom can rent for $1,638 a month. Therefore the upstairs rent at $940 is significantly below market value. The basement offers ample storage for seasonal items, equipment, or tenant belongings, while the attic provides additional flexible space that can be used as additional storage, a home office, or expanded living space to suit your needs. Located in the Fairfax neighborhood, this property is just minutes from the Cleveland Clinic and University Circle, placing residents close to the Cleveland Museum of Art, Cleveland Museum of Natural History, Cleveland Botanical Garden, Case Western Reserve University, University Hospitals, and Severance Hall, home of the renowned Cleveland Orchestra. With its spacious layout, functional living spaces, and prime location near major employers, healthcare institutions, and cultural attractions, this duplex offers excellent rental appeal and outstanding investment potential. Schedule your private showing today!
