Property Description

Looking for your next rehab project in FAIRFAX? This one is one block from the Cleveland Clinic's main campus in a fast-changing area seeing a major surge in new luxury housing and economic development. On this block alone, the foundations for 4 new single family homes have just been poured, with many more to follow. This property is zoned two-family with 2 gas meters and 2 electrical meter bases, but could be rehabbed as a large single family if wanted. Interior and exterior demo and clean out have already been done. Most of the exterior work is complete, such as; Tear off roof (2024), vinyl windows and exterior doors (2025), vinyl siding (2025), new asphalt driveway and parking pad in the back (2025). The front porch floor needs to be replaced. The interior is down to the studs and ready for contractors to start working, with architectural plans complete. The Down Unit will be a 2-bedroom, 1-bath with in-unit laundry. New/fully remodeled 2-bedrooms in Fairfax are renting for approximately $1800/month. The Up Unit, which spans the 2nd and 3rd floors will be a 4-bedroom, 2-bath with in-unit laundry. New/fully remodeled 4-bedrooms rent for $2200-3500/month. Once complete, this property should qualify for the 20-YEAR LEAD certificate, as well as 15-YEAR TAX ABATEMENT. This property is within walking distance to Cleveland Clinic's brand new Neurological Institute, Emergency Department and Trauma Center's expansions, its Cedar Avenue Research Buildings (2 of them), and the expansion of the Cole Eye Institute. Be a part of the growth and expansion of this area, and ENJOY THE UPSIDE!! Agent-owned. The architectural plans, scope of work and rehab estimate are available upon request. No seller-financing or assignable contracts.

Property Features

Local Schools