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Key Details
Sold Price $141,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,662 sqft
Price per Sqft $84
Subdivision Boyer Construction Cos Broadv
MLS Listing ID 4457857
Sold Date 10/30/23
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,662
Year Built 1920
Annual Tax Amount $1,751
Property Description
Duplex for sale in Old Brooklyn. Both units are currently rented for $827 (Down - 6/30/24) and $825 (UP - m2m) for a total GRI of nearly $20K per year. This investment beats the 1% Rule and provides a strong Cap rate. This well-maintained property has property management in place that could be continued, making for a seamless transition. All mechanicals are in good working condition: HWT 2022 + 2022, Furnaces 2022 + 2022. Some vinyl windows. This property can be purchased as part of a 27-property portfolio. Buy one, buy some, or buy them all!! Property list is available upon request. LEAD Safe certificate! Property appraised in April 2022 for $162K (appraisal report is available upon request). Vacant photos are of the down unit prior to tenant moving in. Furnished photos are of the Up Unit.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry None
Exterior
Garage Paved
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type Paved
Building
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 009-13-068
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Patrick Drury • REAFCO
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