$49,000
$55,000
10.9%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
1,852 SqFt
SOLD DATE : 12/18/2023
Key Details
Sold Price $49,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,852 sqft
Price per Sqft $26
Subdivision Faragher
MLS Listing ID 4502916
Sold Date 12/18/23
Bedrooms 4
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 1,852
Year Built 1919
Annual Tax Amount $1,330
Lot Size 3,920 Sqft
Acres 0.09
Property Description
This property offers a blank canvas for the savvy investor. While it may need some cosmetic upgrades, you have the opportunity to transform it into a highly desirable and lucrative investment.
The essentials are taken care of with a new furnace, electrical panel, roof, and hot water tank installed in 2011. This means you can rest easy, knowing the major systems are in great shape, and your tenants will enjoy a comfortable living environment.
With a finished third floor, there is plenty of room for tenants to spread out. This extra space adds value to your investment and makes the property more attractive to potential renters.
This 2-family home is perfect for maximizing rental income. One unit is owner-occupied, while the other is currently vacant, offering flexibility for new owners. You can continue to live in one unit while renting out the other, or rent both units for dual income streams.
Whether you're a seasoned investor or just starting out, this property offers a great opportunity for steady rental income and long-term appreciation.
With the right plan and investment, you can transform this into a valuable asset, enhancing the property's overall appeal.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry Common Area
Exterior
Garage Detached, Garage, Paved
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type Detached, Garage, Paved
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 138-06-084
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Janice T Johnson • McDowell Homes 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! "