Property
Beds
6
Full Baths
6
1/2 Baths
None
Year Built
1916
Sq.Footage
3,544
4-unit investment opportunity now available in the most prime location bordering Little Italy and Coventry in Cleveland Heights! Nestled mere moments from Cleveland Clinic and Case Western Reserve, this 4-unit property boasts unbeatable convenience to bars, restaurants, and all the area has to offer. Currently fully occupied, it generates $6,500 in monthly rent. The expansive layout includes (2) 1-bed, 1-bath units on the first floor and (2) 2-bed, 2-bath units spanning the upper floors. Tenants enjoy modern amenities such as in-suite laundry in the 2-bed units and private basement access with laundry for the 1-bed/1-bath units. Each unit features individual furnaces and hot water tanks, with the owner billing back for water/sewer and trash. Recent updates include tiled bathrooms, newer cabinets, stone countertops, and more. With a purchase yielding over a 9% cap rate in one of Cleveland's hottest sub-markets, this property promises both immediate returns and long-term potential. Plus, benefit from newer mechanicals, updated electrical and plumbing, stainless steel appliances, and other thoughtful enhancements. Don't miss out on this exceptional investment opportunity! The county auditor's website states that there are 3 units, 4 bedrooms and 3.5 baths but the owner states that there are 4 units, 6 bedrooms and 6 bathrooms.
Features & Amenities
Interior
-
Total Bedrooms
6
-
Bathrooms
6
-
Above Grade Finished Area
3544.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
3
-
Construction Materials
Aluminum Siding, Vinyl Siding
-
Parking
Detached, Garage
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.423
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$489,900
-
Tax Amount
11482.0
-
Sq. Footage
3, 544
-
Price/SqFt
$138
HOA
-
Association
No
School District
-
Elementary School
Cleveland Hts-Univer - 1810
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
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Location
County
Cuyahoga
Elementary School
Cleveland Hts-Univer - 1810
Middle School
High School
Listing Courtesy of Tal Tamir , Russell Real Estate Services
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AGENT
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