$460,000
$475,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
3,049 SqFt
SOLD DATE : 09/13/2024
Key Details
Sold Price $460,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,049 sqft
Price per Sqft $150
Subdivision Fairmount Coventry
MLS Listing ID 5051690
Sold Date 09/13/24
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 3,049
Year Built 1917
Annual Tax Amount $2,853
Tax Year 2023
Lot Size 8,912 Sqft
Acres 0.2046
Property Description
Investors... Location, Location, Location!! Cash-flowing 3-Family on Colchester in just minutes from the Clinic's and University Hospitals' main campuses, as well as Case Western Reserve University. 1st floor features 2 beds, 1 bath + 1 sunroom. The 1st floor tenants are moving out at the end of July. This unit has just been rented for 2 years starting on August 1: rent the first year = $1700 and rent the second year = $1785. 2nd floor features 2 beds, 1 bath, and 2 sunrooms. The 3rd floor with great skylights is bright and cheery. All units have remodeled kitchens and bathrooms, CENTRAL AC and in-unit washers and dryers, making them VERY desirable. 2022 Updates/Improvements = electrical, plumbing, HVAC, HWT, kitchens. Currently, the property generates over $52K in GRI. Property will be delivered POS-compliant. Seller is also selling 2189 Rexwood (Cleveland Heights) and 1504 East 107 (Case student housing). Interior videos are available upon request.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Ensuite Laundry In Unit
Interior
Laundry Location In Unit
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Dryer, Dishwasher, Range, Refrigerator, Washer
Laundry In Unit
Exterior
Garage Detached, Garage
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type Detached, Garage
Private Pool No
Building
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 685-33-047
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Financing Conventional
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Bought with Mandria Aceto • Realuxe Ohio
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "