$60,000
$90,000
33.3%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
1,526 SqFt
SOLD DATE : 01/25/2024
Key Details
Sold Price $60,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,526 sqft
Price per Sqft $39
Subdivision J H Hardys Allotment
MLS Listing ID 4493123
Sold Date 01/25/24
Bedrooms 5
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,526
Year Built 1920
Annual Tax Amount $2,040
Lot Size 5,039 Sqft
Acres 0.1157
Property Description
Awesome opportunity right near the new Metrohealth campus for an investor looking for a rehab project, flip or BRRRR! TWO houses on this parcel mean an investor will create significant monthly income either via market rate tenants, or subsidized tenants through section 8! The front house (3 bed, 1 bath) is currently vacant. This house has been recently painted, has fantastic hardwood floors, and a moderately updated kitchen / bathroom. Once made rent ready, this house should easily fetch $1,300+. The back house (3 bed, 1 bath) will need extensive renovation to make rent ready, but an investor can pick and choose their finishes and level of renovation, essentially starting with a blank slate. Once complete, this back house should also bring in $1,300+ as well for a total proforma gross rental income of $2,600+ for the property as a whole! Tenants are responsible for electric and gas, and the owner pays water/sewer. Please contact listing agent to schedule a showing. Both houses are currently vacant.
Location
State OH
County Cuyahoga
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry None
Exterior
Garage Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type Paved
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 015-12-034
Acceptable Financing Cash, Conventional, FHA, Trade, VA Loan
Listing Terms Cash, Conventional, FHA, Trade, VA Loan
Financing Other
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Bought with Joshua Janus • REAFCO
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "