$403,000
$399,900
0.8%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
3,574 SqFt
SOLD DATE : 12/23/2024
Key Details
Sold Price $403,000
Property Type Single Family Home
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,574 sqft
Price per Sqft $112
Subdivision Foster
MLS Listing ID 5041577
Sold Date 12/23/24
Bedrooms 7
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 3,574
Total Fin. Sqft 3574
Year Built 1910
Annual Tax Amount $6,466
Tax Year 2023
Lot Size 7,501 Sqft
Acres 0.1722
Property Sub-Type Quadruplex
Property Description
This exceptional investment opportunity features two renovated duplexes on a single lot, providing a total of three, two-bedroom units and one 1-bedroom. Each unit comes fully furnished and equipped with modern appliances, allowing you to seamlessly continue operating it as a short and/or mid-term rental from day one. The property has consistently generated ~$100,000 in gross income annually, showcasing its profitability and high demand. Current cap rate is 10%.
Situated in a prime location, this property is conveniently close to major freeways, Downtown Cleveland, Tremont, and The Cleveland Zoo. Whether guests are in town for business or leisure, they will appreciate the easy access to popular destinations and amenities.
Don't miss out on this rare chance to own a highly lucrative short and mid-term rental property in a thriving Cleveland neighborhood. All furniture and appliances are included in the sale, ensuring a smooth transition for the new owner. Contact us today for more information or to schedule a viewing.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage false
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 008-27-062
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Aidan Hickey • Lokal Real Estate, LLC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "