$430,000
$490,000
12.2%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
3 Baths
4,817 Sqft Lot
SOLD DATE : 06/07/2024
Key Details
Sold Price $430,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Pelton & Jennings Allotment
MLS Listing ID 5025875
Sold Date 06/07/24
Bedrooms 8
Full Baths 3
HOA Y/N No
Year Built 1880
Annual Tax Amount $4,751
Tax Year 2023
Lot Size 4,817 Sqft
Acres 0.1106
Property Description
Prime Tremont location on Kenilworth. Rare opportunity. The owner has made major improvements while owning and managing this property. Four unit cash cow in really good shape. Annual income: $54,000 based upon Fair Market Rents.
Rear Down: fully updated 2 BR was $1200 before updating. Current projected rent is $1500. Tenant gets one stall of the two car garage. Washer/Dryer in kitchen. Vacant for showing
Rear Up. 2 BR. Bathroom fully updated. Kitchen fully updated. Furnace in utility closet in unit. Was rented for $900 before renovation. Fair market is $1100. or more. Has washer/dryer unit that is shared.
Front Up. 1 BR. Currently occupied with great tenant. Pays $1000. Fair market is $1100 or more. Beautiful hardwood floors. Nice kitchen. Remodled Bath.
Front Down: 1 BR. recently updated. Vacant for showing. Market rent is $900.
Utility room easy access, four separate gas meters, four electric meters. 4 hot water tanks, 4 furnaces.
Location
State OH
County Cuyahoga
Rooms
Basement Common Basement
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Garage Additional Parking, Assigned
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Water Access Desc Public
Roof Type Asphalt
Parking Type Additional Parking, Assigned
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 004-12-019
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Kristen A Eiermann • Howard Hanna
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "