$38,000
$34,900
8.9%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
7,906 Sqft Lot
SOLD DATE : 07/30/2021
Key Details
Sold Price $38,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Woodland Hills
MLS Listing ID 4296070
Sold Date 07/30/21
Style Colonial
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1920
Annual Tax Amount $823
Lot Size 7,906 Sqft
Acres 0.1815
Property Sub-Type Single Family Residence
Property Description
Great investment opportunity on the Cleveland/Shaker Heights border! This property is a diamond-in-the-rough with 20 to 25k in repairs needed to cash flow over $1200 to $1500 monthly with GUARANTEED SECTION 8 RENTS. Local housing authority is currently paying $1337.00 for 3-bedroom units in this zip code to offer greater and more competitive housing opportunities to its voucher holders and landlords. NOW IS THE TIME TO INVEST IN THIS AREA AT THE BORDER OF HISTORIC SHAKER HEIGHTS! Google "Shaker Heights" to learn more about this historic suburb and why this is a HOT area to invest! Buyers MUST AGREE to have the property renovated within 365 days of purchase. **Rents provided were based on proposed Section 8-approved rents. Property is currently vacant which is PERFECT to get your construction crew going ASAP! Also perfect for group home or fix-flip opportunity.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air, Gas
Cooling None
Fireplaces Number 1
Fireplace Yes
Exterior
Parking Features Detached, Garage, Paved
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage true
Building
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 128-22-061
Financing Cash
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Bought with Yasheika Paige • Krch Realty, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "