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Key Details
Sold Price $200,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,690 sqft
Price per Sqft $54
Subdivision Rhodes Hartnell & Barber
MLS Listing ID 4240006
Sold Date 01/08/21
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,690
Year Built 1924
Annual Tax Amount $2,080
Lot Size 5,039 Sqft
Acres 0.1157
Property Description
Calling all investors, this 100% occupied four suite apartment building is an amazing investment opportunity in the popular Clark Fulton Neighborhood. Conveniently located 10 minutes from the Steelyard shopping district and 5 minutes from the new Metro Hospital complex. The building is very well maintained by a professional management team and dedicated owner. All four sets of tenants are respectful of each other, extremely clean and pay on time. All four sets of tenants are happy and want to stay long term. Excellent gross ROI of 17.08%
Updated paint, exterior and security doors, newer water tanks, newer vinyl windows and screens. Low water/sewer bills and taxes!
Each unit has it's own furnace and washer dryer hook ups.
The full unfinished split level basement can be converted into a 5th apartment for even more future income potential. The well lit, four space parking lot and front and back entrances for each apartment offer tenants convenience and safety.
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Location
State OH
County Cuyahoga
Direction West
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Garage Paved
View Y/N Yes
Water Access Desc Public
View City
Roof Type Asphalt,Fiberglass,Flat
Parking Type Paved
Building
Lot Description Corner Lot
Faces West
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 007-30-060
Financing Conventional
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Bought with Santina Saporito • Howard Hanna