$120,000
$129,900
7.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
5,169 SqFt
SOLD DATE : 01/31/2025
Key Details
Sold Price $120,000
Property Type Single Family Home
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,169 sqft
Price per Sqft $23
Subdivision Frederick G Hanks
MLS Listing ID 5057431
Sold Date 01/31/25
Bedrooms 4
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,446
Total Fin. Sqft 5169
Year Built 1920
Annual Tax Amount $2,447
Tax Year 2023
Lot Size 6,446 Sqft
Acres 0.148
Property Sub-Type Quadruplex
Property Description
Welcome to 656 E 106th Street, a well-maintained quadruplex offering a solid investment opportunity in the heart of Cleveland. This property boasts four units, each occupied by long-term tenants, generating a steady gross revenue of $2,040 per month.
Property Highlights:
Consistent Income: With reliable, long-term tenants, this quadruplex provides a dependable monthly income of $2,040, making it a fantastic addition to any investment portfolio.
Well-Maintained Units: Each of the four units has been cared for, ensuring tenant satisfaction.
Prime Location: Situated in a vibrant neighborhood of Cleveland, residents enjoy convenient access to local amenities, public transportation, and nearby attractions.
Strong Rental Demand: The area's consistent demand ensures the potential for continued occupancy and income stability.
Whether you are a seasoned investor or new to real estate, this quadruplex presents an excellent opportunity to secure a stable income-producing property in a growing market.
Location
State OH
County Cuyahoga
Direction Northeast
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area, In Basement
Exterior
Parking Features On Street
Water Access Desc Public
Roof Type Composition
Garage false
Private Pool No
Building
Faces Northeast
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 108-25-010
Financing Other
Special Listing Condition Standard
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Bought with Christine Revay • Real of Ohio
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "