4 Beds
2 Baths
1,632 SqFt
4 Beds
2 Baths
1,632 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,632 sqft
Price per Sqft $156
MLS Listing ID 5256681
Bedrooms 4
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 1,632
Year Built 1929
Annual Tax Amount $2,757
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Duplex
Property Description
Welcome to 414 Independence Street, an incredible opportunity to own a cash-flowing investment property in the heart of Fairport Harbor! Located in a desirable Lake Erie beach community, this well-maintained duplex offers immediate rental income with exciting potential for future growth.Currently generating $2,300 per month in gross rental income ($27,600 annually), this property features two occupied, spacious 2-bedroom, 1-bath units, each offering comfortable living spaces and access to basement laundry facilities. With a total of 4 bedrooms, 2 bathrooms, and 1,632 square feet of living space, this property is an attractive addition to any investment portfolio. But the real opportunity doesn't stop at two units! The unfinished third floor offers exciting possibilities for conversion into a potential third rental unit, creating an opportunity to transform this duplex into a triplex and increase its income-producing potential, subject to local zoning, permits, and necessary approvals. Additional highlights include a durable metal roof, detached 2-car garage, off-street parking, and basement storage. Situated in Fairport Harbor's charming lakeside community, residents can enjoy convenient access to Lake Erie beaches, local restaurants, shops, parks, and the relaxed coastal atmosphere that makes this neighborhood so special. Whether you're an experienced investor looking to expand your portfolio or a buyer interested in living in one unit while collecting rent from the other, 414 Independence Street offers immediate income, an appealing location, and room to grow! Don't miss your chance to invest in one of Lake County's charming beach communities. Schedule your showing today and explore the possibilities!
Location
State OH
County Lake
Rooms
Basement Exterior Entry, Interior Entry, Unfinished, Walk-Up Access
Interior
Heating Gas, Hot Water, Radiator(s), Steam
Cooling None
Fireplace No
Appliance Dryer, Range, Refrigerator, Washer
Laundry In Basement
Exterior
Parking Features Driveway, Detached, Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Metal
Private Pool No
Building
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Fairport Harbor Evsd - 4301
Others
Tax ID 14-A-015-0-00-057-0
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS