$255,000
$249,900
2.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,072 SqFt
SOLD DATE : 10/04/2023
Key Details
Sold Price $255,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $83
MLS Listing ID 4491479
Sold Date 10/04/23
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,072
Year Built 1890
Annual Tax Amount $2,015
Property Sub-Type Quadruplex
Property Description
Completely rehabbed fourplex on the west side of Cleveland! This 4-unit property has been renovated from top to bottom including brand new and upgraded electrical service, two new furnaces, two new hot water tanks, newer roof, and full interior cosmetic renovations in each of the four units. The interiors have been updated with vinyl plank, new carpet, fresh paint, and many kitchen and bath updates. This is the perfect multifamily investment for a new or seasoned investor looking for high cash on cash returns and the ability to walk into a property and start leasing immediately. One unit is currently leased for $800/month on an annual lease expiring 8/2024 (private pay). Each unit can easily be leased for $850/month which means this property can gross $3,400/month once fully occupied! Laundry hook-ups in the basement. Tenants also pay their own electric and gas, and the landlord is responsible for water/sewer.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry None
Exterior
Parking Features No Garage, None
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Building
Entry Level Two
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 016-24-092
Financing Cash,Trade
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Bought with Ryan McCullough • RE/MAX Above & Beyond