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Key Details
Sold Price $232,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,789 sqft
Price per Sqft $61
Subdivision W H G J & E Heckers Sub
MLS Listing ID 5052011
Sold Date 08/14/24
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,789
Year Built 1900
Annual Tax Amount $2,203
Tax Year 2023
Lot Size 7,400 Sqft
Acres 0.1699
Property Description
Discover an exceptional investment opportunity with this well-maintained 4-unit property, perfect for both experienced investors and first-time buyers. Located in a vibrant Cleveland neighborhood, this property is surrounded by amenities that will appeal to tenants and owners alike. The unit passed FHA inspection a year and a half ago, ensuring top-notch quality and safety. The yearly revenues could be $46,104 with full occupancy. Potential buyers can live rent-free in the unoccupied unit while generating income from the other three units. There is an opportunity to increase rents, enhancing your return on investment. The roof was repaired within the last two years. The foundation is completely dry, a rare and valuable feature in this area. As well as all other major components being in working condition. This property is also section 8 approved.
The property has easy access to shopping, dining and entertainment. There are nearby parks that offer green spaces for outdoor activities. Also close to public transportation which makes it convenient for commuting. Don't miss out on this prime investment property that offers both immediate income and future growth potential. Schedule your viewing today and explore the endless possibilities this property has to offer!
Location
State OH
County Cuyahoga
Rooms
Basement Concrete
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Parking Features Driveway, On Street
Water Access Desc Public
Roof Type Flat
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 105-25-111
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Private
Special Listing Condition Standard
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Bought with Edith P Ross • Russell Real Estate Services