1557 Newman Avenue

Lakewood, OH 44107

Discover this meticulously renovated Lakewood duplex at 1557 Newman Ave! Fully updated since 2023 and POS compliant, this property is truly turn-key, minimizing immediate expenses and positioning it for an attractive capitalization rate for savvy investors. Also ideal for owner-occupants, it offers 5 bedrooms and 3 full baths total: a 2-bed/1-bath lower unit and a spacious 3-bed/2-bath upper unit spanning the 2nd and 3rd floors. The upper unit boasts an updated kitchen and a fantastic, brand-new 3rd-floor bathroom complete with new stairs. Enjoy extensive recent updates including new flooring throughout both units, all new 2024 appliances, fresh exterior paint, a new front porch, a new upper unit balcony, new gutters, replaced entry doors, and a majority of windows replaced. Located in a prime, walkable Lakewood neighborhood known for strong rental demand, close to parks, dining, and RTA access. Don't miss this outstanding, hassle-free opportunity offering significant income potential – schedule your showing today!

Listing courtesy of Michael Jones of RE/MAX Traditions



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