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Key Details
Sold Price $246,500
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,064 sqft
Price per Sqft $60
Subdivision Metropolitan Park Estate
MLS Listing ID 4348127
Sold Date 03/24/22
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 4,064
Year Built 1978
Annual Tax Amount $6,227
Lot Size 0.353 Acres
Acres 0.3531
Property Description
Investors! Are you looking for a cash-flowing, straightforward multifamily investment? Look no further! This beautiful brick building with 4 units is a great opportunity to get into a smaller multifamily with no heavy lifting and a cap rate of over 8% from day 1 WITHOUT DOING ANYTHING! Each of the 4 units is 2-bed/1-bath and there is a shared coin-operated laundry on the main floor for some extra income! The rents are $750, $790, $800, $800 for a total monthly gross income of $3,140. The building has a large parking area and a separate garage with 4 spots which you could also charge extra for. Located down the street from Bedford Automile and just off of Rockside Rd., the location gives you close and convenient access to the highway and a great area for renters as well as only minutes from the Bedford reservation! Truly a great property to add to your portfolio!!
Location
State OH
County Cuyahoga
Interior
Heating Baseboard, Gas
Cooling Wall Unit(s)
Fireplace No
Laundry Common Area
Exterior
Garage Paved
Garage Spaces 4.0
Garage Description 4.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type Paved
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Bedford Csd - 1803
Others
Tax ID 811-13-075
Financing Conventional,Trade
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Bought with Michael Azzam • RE/MAX Haven Realty