2939 E Derbyshire RD, Cleveland Heights, OH 44118
2939 E Derbyshire RD, Cleveland Heights, OH 44118
2939 E Derbyshire RD, Cleveland Heights, OH 44118
2939 E Derbyshire RD, Cleveland Heights, OH 44118
2939 E Derbyshire RD, Cleveland Heights, OH 44118
2939 E Derbyshire RD, Cleveland Heights, OH 44118
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Mike Ferrante

Mike Ferrante

+1(216) 373-7727
$ 450,000
Est. payment | /mo

10 Beds

4 Baths

3,700 SqFt

Save
$ 450,000
Est. payment | /mo
Save

10 Beds

4 Baths

3,700 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,700 sqft

Price per Sqft $121

Subdivision Chelsea Land Cos Chelsea Road

MLS Listing ID 5244390

Bedrooms 10

Full Baths 4

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 3,700

Year Built 1920

Annual Tax Amount $8,159

Tax Year 2025

Lot Size 6,477 Sqft

Acres 0.1487

Property Sub-Type Duplex

Property Description

INVESTORS: 10-bedroom, 4 FULL-bathroom duplex on East Derbyshire between Lamberton and Cottage Grove in Cleveland Heights! Currently, one side is vacant to allow for OWNER-OCCUPANTS, and the other is occupied by medical residents through Spring 2027. Fair Market Rents are $2500 per side (or approximately $60,000 in annual GRI), with CMHA paying up to $2663 for a 5-bedroom unit in 44118. So many improvements have already been made, including: Updated electrical panels, VINYL and glass-block windows, remodeled kitchens, refreshed bathrooms, exterior painting (2023), new roofs on house and garage (2023), CENTRAL AC in both 3rd floors (2023), new carpeting in 2nd and 3rd floor of LEFT side (2026). Each unit has its own, private basement with laundry. There is a 3-car garage + additional parking for up to 3 other cars. Boilers are serviced regularly. Property will transfer POS-compliant.

Location

State OH

County Cuyahoga

Direction South

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Cooling Central Air, Window Unit(s)

Fireplace No

Appliance Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer

Laundry In Basement, In Unit

Exterior

Parking Features Detached, Garage

Garage Spaces 3.0

Garage Description 3.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Faces South

Story 3

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Construction Status Updated/Remodeled

Schools

School District Cleveland Hts-Univer - 1810

Others

Tax ID 684-20-044

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 Sophie Boehlen • Premier Heights Realty LLC • 216-860-0005, sophie@premierheights.com

Schools and Properties Nearby

Mike Ferrante
Mike Ferrante

Broker Associate

+1(216) 373-7727 | mike@21mike.com

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2939 E Derbyshire RD