OH > Cleveland > Wade
Cleveland, OH 44106,11115 Wade Park AVE
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Joseph Luckino

Joseph Luckino

+1(740) 632-9111
$ 515,000
Est. payment /mo
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11115 Wade Park AVE Cleveland, OH 44106

6 Beds

3 Baths

0.27 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Wade

MLS Listing ID 5119816

Style Colonial

Bedrooms 6

Full Baths 3

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1910

Annual Tax Amount $6,756

Tax Year 2024

Lot Size 0.266 Acres

Acres 0.2661

Property Sub-Type Single Family Residence

Property Description

LOCATION, LOCATION, LOCATION! PROPERTY LOCATED WITHIN WALKING DISTANCE OF CASE WESTERN RESERVE. CURRENTLY USED AS A RENTAL AT 775 PER BEDROOM. MOST OF THE LARGER HOMES IN THE NEIGHBORHOOD DO SERVE AS RENTALS FOR INTERNATIONAL STUDENTS, CASE WESTERN HAS A SEVERE SHORTAGE OF HOUSING SO THESE STUDENTS DO LIKE TO LIVE OFF CAMPUS IN THEIR OWN RENTAL HOMES. MOST STAY ON FOR THE 4 YEARS WHILE AT CASE AND MANY STAY ON FOR POST GRADUATE. STILL A GOOD OPPORTUNITY TO GET RENTED FOR THE 2025 NEW SCHOOL YEAR IN MID AUGUST. PROPERTY ITSELF IS GORGEOUS WITH BEAUITFUL HARDWOOD FLOORS, THICK CROWN MOLDING, WOOD/BRICK FIREPLACE WITH BEAUTIFUL MANTEL. PROPERTY HAS SIDE ENCLOSED PATIO AND A TIER DECKING. CURRENTLY WIITH 55,800 OF POTENTIAL ANNUAL INCOME AND APPROX 8800 IN EXPENSES YOUR NOI IS 47K OR A CAP RATE OF 9.2% - THAT'S HUGE FOR ANY AREA OF GREATER CLEVELAND LET ALONE PROPERTY WITHIN WALKING DISTANCE OF CASE....THAT'S LIQUID GOLD! CALL US TODAY THIS ONE WON'T LAST!

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Main Level Bedrooms 2

Interior

Heating Hot Water, Steam

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Fireplaces Number 1

Fireplace Yes

Exterior

Parking Features Driveway

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 120-21-035

Listed by Mary L Palumbo • CREO Real Estate Group • 216-509-6361 jjfschaefer@aol.com

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agent

Joseph Luckino

Broker | License ID: C2015005262

+1(740) 632-9111

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11115 Wade Park AVE