About this property
A 1920 Colonial duplex in Old Brooklyn, on Cleveland's near West Side. Two units sit under one roof on a 54 x 87 ft lot, with vinyl siding, an asphalt shingle roof, and forced-air gas heat. It's the clearest example of the approach we take across the portfolio: a solid older building, held for the long run, with its valuation now roughly 65% above where it started.
Its role in the portfolio
As a duplex, it spreads tenancy across two households, so one move-out doesn't empty the building. Together with Riverside Ave, the portfolio's other duplex, it accounts for half of our units.
Details
- Property type
- Colonial, 2 stories
- Lot
- 54 × 87 ft (4,698 sq ft)
- Exterior
- Vinyl siding
- Roof
- Asphalt shingle
- Heating
- Forced warm air, gas
- Monthly rent
- $1,788/mo combined
- Acquisition price
- $114,500
- Current valuation
- $188,800