3200 Audubon Blvd Cleveland, OH 44104
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About this home
You cannot beat the location of this beautiful home. You're just steps away from the vibrant and historical Luke Easter Park and close to downtown Cleveland. Enjoy afternoons in the parks, enjoying music or seasonal festivities. Welcome to 3200 Audubon Blvd – This spacious and fully renovated multi-family home offers over 2,900 sq ft of living space in one of Cleveland’s most promising neighborhoods. For investment purchasing, this property can generate approximately $3,000 monthly. This property has many upgrades including: NEW ROOF, ELECTRICAL REWIRING & PANEL BOXES, WINDOWS, FURNACES, HOT WATER TANKS, FLOORING, REMODELED KITCHEN AND BATHROOMS, FRESHLY PAINTED THROUGHOUT. With a blend of classic charm, generous space, and smart updates, this move-in-ready property offers lasting value. Both units are bright and welcoming, filled with natural light, and feature charming fireplaces that add warmth and character. One unit showcases beautifully refinished oak hardwood floors, while the other offers brand-new flooring throughout—bringing a fresh, modern feel. The left unit includes two full bathrooms, while the right has one, and both enjoy walk-out access to recently updated basements with bonus toilets for added versatility. Each unit also includes two spacious attics—ideal for storage or future finishing potential. Located near local schools, parks, and amenities, this turn-key duplex is a smart choice for families and tenants alike. Come and see this amazing property as it sits on a low hilltop across from one of Cleveland's finest landmarks, Luke Easter Park! This lovely property won't last long!
Source: MLSNOW #5134109
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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