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Key Details
Sold Price $24,775
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision James M Hoyts
MLS Listing ID 4196735
Sold Date 07/13/20
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,363
Lot Size 5,318 Sqft
Acres 0.1221
Property Description
ATTENTION INVESTORS: HIGH CAP RATE AND GREAT ROI! Sweat equity opportunity in the heart of the highly desirable SUPERIOR-PAYNE area of Cleveland where recent sales of single unit condos have topped $150,000. Property has potential cash flow of $25,000.00 per year! Taxes are LESS THAN $1000 PER YEAR. The property features two homes - a single and a two-family. Needs complete renovation estimated at $35,000 to $45,000 but priced right w/ loads of potential. Located on the public transportation line (highly attractive to tenants) and is less than a mile from University Circle and Cleveland State University. This area is well-known for attracting graduate and medical school students as tenants. The buyer must agree to have the property occupied within 180 days from closing. The cash flow, location, low taxes, and rising property values in this area make this a can't miss investment opportunity!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Paved
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 104-26-043
Financing Cash
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Bought with Aaron Harden • HomeSmart Real Estate Momentum LLC