Wow! Opportunities like this are scarce in Richfield, where multi-family properties rarely hit the market. Fully occupied and currently generating $2,400 per month in rental income, this brick ranch-style duplex is an excellent opportunity from day one. The left-side unit is completely turnkey and has been extensively updated with more than $40,000 in improvements. In addition to practical upgrades such as new windows, a new water heater, and installing A/C, this recently renovated unit has luxury features such as granite countertops and a custom shower. Ask your Realtor for the full list of updates! The right-side unit is also in great condition, making this a truly low-maintenance investment. Both tenants are month-to-month, offering investors the security of existing tenants while maintaining flexibility for future rent adjustments or other long-term plans. Located within the award winning Revere School District, this property is a great choice for those whose investment goals are centered around long term appreciation and building equity. When opportunity knocks, you answer the door! (Note: The photos of the remodeled unit were taken prior to the current tenant moving in.)
Richfield is located in Ohio. Richfield, Ohio has a population of 3,714. Richfield is more family-centric than the surrounding county with 28.73% of the households containing married families with children. The county average for households married with children is 26.83%.
The median household income in Richfield, Ohio is $67,404. The median household income for the surrounding county is $63,111 compared to the national median of $69,021. The median age of people living in Richfield is 55.3 years.
The average high temperature in July is 82.6 degrees, with an average low temperature in January of 19.9 degrees. The average rainfall is approximately 38.3 inches per year, with 49.9 inches of snow per year.
