$255,000
$250,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
4,356 SqFt
SOLD DATE : 12/11/2020
Key Details
Sold Price $255,000
Property Type Single Family Home
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,356 sqft
Price per Sqft $58
Subdivision J J Holmes
MLS Listing ID 4229350
Sold Date 12/11/20
Bedrooms 4
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 4,356
Total Fin. Sqft 4356
Year Built 1870
Annual Tax Amount $8,058
Lot Size 3,428 Sqft
Acres 0.0787
Property Sub-Type Quadruplex
Property Description
Looking to use the house hack strategy, Airbnb / short-term rental opportunity, or even a long term investment investment? Look no further! This is a value add opportunity for any investor looking to acquire property in Cleveland's Tremont neighborhood! One tenant has been in place since 2007 paying $450/mo & the tenant in the second unit has been in place since 2012 paying $500/mo. Unit #3 was recently rented for $550/mo & Unit 4 was paying $550. All tenants are paying below market value for Tremont. Per the MLS, another 3 unit property 6 houses down has tenants paying $1,250/mo, $725/mo, and $650/mo! A quick search for market rent comps in the area will show there is value add on this property which in turn can increase your NOI. Gas and electric are metered separately and owner pays water/trash. Each unit is 1 bedroom and ALSO has a separate space in each unit that can be used as a second bedroom or office area. Call today to schedule a showing!
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Gas
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features No Garage, Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage false
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 004-21-129
Financing Conventional
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Bought with Michael Zinicola • Keller Williams Citywide
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "