3645 Hildana RD Active Save Request In-Person Tour Request Virtual Tour
Shaker Heights,OH 44120
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,736 sqft
Price per Sqft $52
Subdivision Rapid Transit Land Cos Shaker
MLS Listing ID 5054250
Bedrooms 6
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,736
Year Built 1925
Annual Tax Amount $4,566
Tax Year 2023
Lot Size 6,403 Sqft
Acres 0.147
Property Description
Discover a very rare investment opportunity with this value-add duplex in sought-after Shaker Heights! This property features one occupied unit rented for $995 per month on an annual lease that expires on October 31st 2024. The first floor hosts a spacious 3-bedroom, 1-bath unit, while the second floor mirrors this layout and includes an additional 1-bedroom, 1-bathroom in the attic. This versatile space can either extend the second-floor unit or serve as a separate third unit. Currently zoned as a two-family property, it requires cosmetic updates, including a new kitchen and bathroom on the first floor due to previous damage. With these updates, pro forma rents are expected to reach at least $1,200 for each 3-bedroom unit and $700 for the third-floor space. If Section 8 tenants are considered, the rental income potential could be even higher. Don’t miss this chance to maximize your returns with strategic improvements in this prime location!
Location
State OH
County Cuyahoga
Rooms
Basement Full,Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Garage Detached,Garage
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Shingle
Parking Type Detached,Garage
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Shaker Heights Csd - 1827
Others
Tax ID 735-24-006
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard