3113 Ashwood

Side-by-side duplex in Cleveland's Buckeye-Shaker neighborhood, offered at $250,000, or $125,000 per unit, with both sides occupied. Each unit is a four-bedroom, one-and-a-half-bath layout of roughly 1,750 square feet per county record, and the parcel sits in the Shaker Heights City School District attendance zone on a City of Cleveland price basis. Four-bedroom rental product is thin in 44120. Both units are leased at $1,400 on month-to-month tenancies, with residents in place since March 2023. We underwrite both sides at $1,550, adding $300 a month and $3,600 a year to the $2,800 currently collected, and a four-bedroom rental a few blocks away on Methyl Ave is asking $2,100. Interiors were fully renovated a few years back with white shaker kitchens, stainless appliances, updated baths, hardwood in the living areas and luxury vinyl plank in the bedrooms. A detached two-car garage sits at the rear, and tenants pay all utilities on both sides. Case Western Reserve University is about 3.3 miles north, Shaker Square and Larchmere are in the neighborhood, and the RTA Blue and Green Lines run through the square.