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Key Details
Sold Price $55,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,116 sqft
Price per Sqft $49
Subdivision Banbury Village Condo
MLS Listing ID 5060299
Sold Date 09/20/24
Style Other
Bedrooms 2
Full Baths 1
Half Baths 1
Construction Status Updated/Remodeled
HOA Fees $125/mo
HOA Y/N Yes
Abv Grd Liv Area 1,116
Year Built 1963
Annual Tax Amount $839
Tax Year 2023
Property Description
Discover a prime investment opportunity with this recently updated turnkey condo in the desirable Myles Landing community. This property boasts fresh paint, new vinyl flooring, updated carpeting, and refreshed kitchen and bathroom finishes, alongside a new hot water heater. Currently leased to a market rate tenant at $1,050 per month under an annual lease expiring 7/31/2025, this condo offers a remarkable chance for a hands-off rental investment with an impressive cap rate exceeding 11%. Don't miss out on this lucrative addition to your real estate portfolio!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Fireplace No
Laundry In Unit
Exterior
Garage On Site, Paved
Waterfront No
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type On Site, Paved
Private Pool No
Building
Story 1
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Warrensville Heights - 1831
Others
HOA Name Banbury Village
HOA Fee Include Association Management,Insurance,Maintenance Grounds,Maintenance Structure
Tax ID 763-17-419
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Iris Wheeler • Premier Heights Realty LLC
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