15 Grand St, Berea, OH 44017

Description

ONE SINGLE FAMILY. ONE DOUBLE. ONE 5-CAR GARAGE. One RARE opportunity to own 2 renovated, fully occupied properties in the heart of Berea and inherit the legacy of 10 years of ownership with ZERO vacancies! Nestled in Berea’s highly picturesque Century Home Garden District & its distinguished showcase of architecturally alluring homes is an intriguing investment opportunity that rarely presents itself: 3 INSEPARABLE STRUCTURES that are profitable as investments or perhaps as a family estate inviting multi-generational living with the privacy of separate dwellings. 15 Grand Street is a classic 4BR, 1.5BA craftsman style bungalow w/generously appointed rooms and exuding charm galore. Included in the same parcel is a SECOND STRUCTURE: the detached 5-car heated garage w/ generous overflow workshop space+2nd floor storage loft. The THIRD STRUCTURE, separately parceled but inseparable from 15 Grand is 11 Grand: a historic 2-family residence with both stately period details as well as showcasing two new kitchens, new flooring, fresh painting and new tear-off roof, new siding & new gutters. Inseparable per the City of Berea, these properties have scarcely experienced vacancy as they are rented from one school year to the next by B.W. students who are a short walk to all college & city amenities as the landlord enjoys uninterrupted cash flow from parent-signed leases. Each property with respective leases is detailed in the supplements. Garages are vacant/excluded from lease. Famous as an endearing town with a pedestrian-friendly “public promenade” by which to enjoy shops, dining and so much more, 15 Grand / 11 Grand - with its many capital improvements, close proximity to Baldwin Wallace and the Berea Triangle, and inclusion in the highly desirable Century Home Garden District, make this a golden opportunity for investors and owner occupants alike! NOTE THIS LISTING COMBINES INCOME AND ANNUAL TAXES FOR BOTH 11 AND 15 GRAND BUT DETAILS ONLY 15 GRAND.