$65,000
$65,000
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7 Beds
7 Baths
3,738 SqFt
SOLD DATE : 11/19/2024
Key Details
Sold Price $65,000
Property Type Single Family Home
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,738 sqft
Price per Sqft $17
Subdivision Abby & L F Kilfoyle
MLS Listing ID 5051960
Sold Date 11/19/24
Bedrooms 7
Full Baths 7
Construction Status Fixer
HOA Y/N No
Abv Grd Liv Area 3,738
Total Fin. Sqft 3738
Year Built 1910
Annual Tax Amount $846
Tax Year 2023
Lot Size 4,800 Sqft
Acres 0.1102
Property Sub-Type Quadruplex
Property Description
Unlock the potential of this fantastic investment opportunity with this 5-unit apartment building. This property is perfect for investors seeking a project with significant upside potential through a complete interior rehab. The building features three spacious 3-bedroom units and two 1-bedroom units, with projected monthly rental income ranging from $1,000 to $1,600 per unit. With an estimated total rental income between $5,000 and $8,000 monthly after renovations, this property promises excellent returns on investment.
The diverse unit mix allows for targeting a broad range of tenants, ensuring steady occupancy and income. Located in a prime area with convenient access to public transportation, schools, shopping centers, and dining options, this building is poised for value appreciation.
This opportunity is ideal for investors looking to add significant value through strategic renovations and capitalize on the growing rental demand in.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Composition
Garage false
Private Pool No
Building
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Fixer
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 105-21-106
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Alexys Jones • Keller Williams Greater Metropolitan
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "