Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1890
Sq.Footage
3,072
Completely rehabbed fourplex on the west side of Cleveland! This 4-unit property has been renovated from top to bottom including brand new and upgraded electrical service, two new furnaces, two new hot water tanks, newer roof, and full interior cosmetic renovations in each of the four units. The interiors have been updated with vinyl plank, new carpet, fresh paint, and many kitchen and bath updates. This is the perfect multifamily investment for a new or seasoned investor looking for high cash on cash returns and the ability to walk into a property and start leasing immediately. One unit is currently leased for $800/month on an annual lease expiring 8/2024 (private pay). Each unit can easily be leased for $850/month which means this property can gross $3,400/month once fully occupied! Laundry hook-ups in the basement. Tenants also pay their own electric and gas, and the landlord is responsible for water/sewer.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Above Grade Finished Area
3072.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
No Garage, None
-
Pool
No
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$249,900
-
Tax Amount
2015.0
-
Sq. Footage
3, 072
-
Price/SqFt
$81
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
High School
Listing Courtesy of Tal Tamir , Russell Real Estate Services
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