14969 Delaware Avenue, Lakewood, OH 44107

Property Description

ATTENTION LAKEWOOD INVESTORS — TWO-UNIT DUPLEX WITH VALUE-ADD POTENTIAL! Opportunity awaits at 14969 Delaware Avenue in the heart of Lakewood! Whether you're expanding an established rental portfolio or looking for your next investment property, this classic side-by-side income opportunity offers the flexibility to establish new rental rates, make strategic improvements, and build long-term value. This traditional up-and-down duplex features two spacious units, each offering two bedrooms, one bathroom, generous living and dining areas, hardwood floors, high ceilings, and original built-in cabinetry. Full-width front porches and a detached two-car garage add to the property's functionality and tenant appeal. The second-floor unit is currently vacant, while the first-floor tenant is expected to vacate, creating an opportunity for an investor to evaluate both units, complete cosmetic updates as desired, and establish new tenancies based on current market conditions. The upper unit also offers access to a partially finished attic, providing additional possibilities for future improvements, subject to local requirements. Previously reported improvements include a two-car garage constructed in 2021, electrical panel replacements in 2021, exterior painting in 2019, and an architectural shingle roof installed in 2013. With its classic Lakewood character, functional floor plans, and potential for interior improvements, this property offers an appealing foundation for a long-term rental investment. Conveniently located near shopping, restaurants, parks, and neighborhood amenities, this duplex combines an established Lakewood location with the opportunity to create additional value through thoughtful updates and rental positioning. Two units. Two income opportunities. One investment with potential. Schedule your showing and discover what 14969 Delaware Avenue could add to your portfolio!