Turnkey Duplex Package
For Sale
Contact for pricing
Pending
244 Center Rd, Bedford, OH 44146
Two fully rented, recently remodeled duplexes with strong cap rates.
Property SizeContact for details
Days on Market138
Property Features for 244 Center Rd
General Information
Standard status
Pending
Property subtype
Multifamily
Building Details
Year Built
1914
Year Renovated
2017
Buildings
2
Stories
2
Units
4
Listing Agency:
Green Bridge Real Estate
Listed By:
Jason Griffith · License #OH
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 8 at 6:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Green Bridge Real Estate
Investment Insights
Based on property information with market context.
The Pines Duplex Package features two fully rented and recently remodeled duplexes. One property, located at 244-246 Center Rd, Bedford, OH 44146, features side-by-side units, each with 3 bedrooms and 1 bathroom, renting for $1400 per month. The other property, located at 12010 Derby Rd, Garfield Heights 44125, offers an Up-Down layout with one unit featuring 2 bedrooms and 1 bathroom, and the other with 1 bedroom and 1 bathroom. The properties have strong cap rates of 10.79% and 11.35% respectively. The properties have solid structural integrity and recent updates, and require no major projects. The Pines Duplex Package is offered individually or as a package deal and is priced at $399,900, providing a compelling 11.3% cap rate return. This is a turnkey investment opportunity in a desirable rental market.
Key Highlights
- High Cap Rate: Enjoy an 11.3% return on investment, indicating strong profitability.
- Turnkey Investment: Fully rented and recently remodeled, requiring no major immediate projects.
- Package Deal: Includes two duplex properties (Bedford & Garfield Heights) for diversified income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 44146, OH
29,778
Population
15,270
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,489
Density / Sq Mi
$53,049
Median Household Income
$40,808
Median Earnings
$1,000
Median Rent
$141,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two fully rented, recently remodeled duplexes with strong cap rates.
Where is this duplex located?
The property is located at 244 Center Rd Bedford, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: High Cap Rate: Enjoy an 11.3% return on investment, indicating strong profitability.; Turnkey Investment: Fully rented and recently remodeled, requiring no major immediate projects.; Package Deal: Includes two duplex properties (Bedford & Garfield Heights) for diversified income.
