$60,000
SOLD DEC 29, 2023
5 Beds
3 Baths
2,951 Sq Ft
4,199 Sq Ft Lot

Recently Sold

$20 Per Sq Ft

14% Below List Price

36 Days on Market

Highlights

  • Forced Air Heating System
  • 2 Car Garage
  • Wood Siding

About This Home

As of March 2025

This duplex is back on the market, with no blame on the part of the sellers. Both the first and second floors are identical, offering 2 bedrooms and 1 bathroom each, with a monthly rental income of $750 for each unit. The upstairs 3rd studio unit, complete with a bathroom, had previously rented for $600. The owners consistently collected $2,100 in rents, and there are well-documented payment records to support this. This property has undergone recent renovations and has the potential to function as a triplex. It enjoys a convenient location near University Circle, colleges, major hospitals, museums, meeting venues, and downtown Cleveland, just a short drive away. The renovation work is extensive, covering everything from the hot water tanks and furnaces to the tiles, carpets, and vinyl flooring. Fresh paint has been applied throughout, and new cabinetry has been installed. The roof has also been updated. The property's exterior features a spacious yard, off-street parking, and a detached 2-car garage. To prioritize tenant security and peace of mind, a professionally installed outdoor surveillance system operates 24/7. The property is being sold in its current condition, with 80% of the renovation already completed. This provides a unique opportunity for buyers to benefit from the work that has already been done, as the owner's circumstances can now become your opportunity. Don't miss out on this chance to invest in a well-maintained property that generates income.

Last Agent to Sell the Property

Kathleen Poelking

Deleted Agent Brokerage Email: (440) 461-0050 LairdWynn@cpm.email License #2014001608 Listed on: 06/09/2023

Co-Listed By

Laird Wynn

Cleveland Property Management Group, LLC. Brokerage Email: (440) 461-0050 LairdWynn@cpm.email License #2017005628

Last Buyer's Agent

Patricia Renaud

Russell Real Estate Services License #2015001021

Russell Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $742

Year Built

  • Built in 1925

Lot Details

  • 4,199 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Graham Scofield Allotment Subdivision

Listing and Financial Details

  • Assessor Parcel Number 121-32-075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$742

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1925
  • Attribution Contact: (440) 461-0050 LairdWynn@cpm.email
  • Co List Office Mls Id: 9148
  • Co List Office Phone: 440-461-0050
  • Subdivision Name: Graham-Scofield Allotment
  • Above Grade Finished Sq Ft: 1850.0
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1101.0
  • Stories: 3

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.0964
  • Home Warranty: No
  • Construction Type: Wood Siding

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Paved

Utilities

  • LaundryFeatures: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 121-32-075
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 742.0

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2025 03/06/25 Sold $151,900 -5.0% $44 / Sq Ft
01/27/2025 01/27/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $159,900 +35.5% $46 / Sq Ft
10/25/2024 10/25/24 Sold $118,000 +7.3% $64 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/24/2024 09/24/24 For Sale $110,000 +83.3% $59 / Sq Ft
12/29/2023 12/29/23 Sold $60,000 0.0% $20 / Sq Ft
12/09/2023 12/09/23 Off Market $60,000 -- --
10/18/2023 10/18/23 Price Changed $67,900 -1.6% $23 / Sq Ft
09/29/2023 09/29/23 Price Changed $69,000 -1.4% $23 / Sq Ft
09/12/2023 09/12/23 For Sale $70,000 0.0% $24 / Sq Ft
07/14/2023 07/14/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $70,000 -33.3% $24 / Sq Ft
06/28/2022 06/28/22 Sold $105,000 -14.3% $57 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $122,500 +214.1% $66 / Sq Ft
03/02/2021 03/02/21 Sold $39,000 -11.4% $21 / Sq Ft
02/14/2021 02/14/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $44,000 +203.4% $24 / Sq Ft
05/25/2018 05/25/18 Sold $14,500 0.0% $8 / Sq Ft
04/30/2018 04/30/18 Pending -- -- --
10/16/2017 10/16/17 Off Market $14,500 -- --
10/09/2017 10/09/17 For Sale $14,840 -- $8 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4465326

MLS Now

APN: 121-32-075