$152,250
$154,900
1.7%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
2,272 SqFt
SOLD DATE : 10/13/2023
Key Details
Sold Price $152,250
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,272 sqft
Price per Sqft $67
Subdivision Joseph Stanley
MLS Listing ID 4473736
Sold Date 10/13/23
Bedrooms 6
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 2,272
Year Built 1910
Annual Tax Amount $2,210
Lot Size 4,199 Sqft
Acres 0.0964
Property Description
Recently renovated, 4-UNIT CASH COW generating gross rents of $2,275 / month on full occupancy with a 12-13% Cap Rate ready to generate the next owner consistent CASH FLOW each month. The property consists of two, 1 bed / 1 bath configurations, and two, 2 bed / 1 bath configurations. P&L, NOI Calculations, Leases, other due diligence documents, as well as showings all available upon accepted offer. Unit breakdown & rent details available below:
Unit #1 - $525 (currently occupied with a long-term market tenant, 2/1 config)
Unit #2 - $600 (currently occupied with a market tenant, 1/1 config)
Unit #3 - $625 (vacant - tenant to be placed before EOM, 2/1 config)
Unit #4 - $525 (currently occupied with a long-term market tenant, 1/1 config)
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Ensuite Laundry In Unit
Interior
Laundry Location In Unit
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry In Unit
Exterior
Garage Unpaved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type Unpaved
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 131-35-116
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Adam T Bellinski • Russell Real Estate Services
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "