$118,000
SOLD OCT 25, 2024
5 Beds
3 Baths
1,850 Sq Ft
4,199 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

7% Above List Price

7 Days on Market

Highlights

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

About This Home

As of March 2025

Investor's dream! This turnkey duplex not only offers incredible income potential but also comes with the possibility of converting the third floor into a triplex, adding even more value. The lower unit features 2 bedrooms and 1 bath, while the upper unit boasts 3 bedrooms and 2 full baths. Both units have undergone extensive updates, including fresh carpeting, modern paint throughout, new cabinets, countertops, and renovated bathrooms, making this property move-in ready for tenants.

In addition to the cosmetic updates, major systems have already been taken care of with newer furnaces and hot water tanks installed, ensuring no immediate capital expenditures (CapEx) are required. The property also includes a spacious 2-car garage, offering added convenience.

Market rents in this area range between $900-$1,200 per unit, with even higher income potential from Section 8 tenants. This property could easily achieve over a 2% rent-to-price ratio, making it an outstanding investment in a rapidly developing neighborhood. Located just minutes from Shaker Square and University Circle, this duplex is perfectly positioned in an area seeing continued growth and revitalization. With the potential for high returns and a prime location, this is an opportunity you don't want to miss! Secure your showing today and make this high-yield property part of your portfolio.

Last Agent to Sell the Property

Journey Toole

Keller Williams Living Brokerage Email: JourneyToole@kw.com 440-935-9793 License #2021004623 Listed on: 09/24/2024

Keller Williams Living

Last Buyer's Agent

Drew Dickson

RE/MAX Traditions License #2021003011

RE/MAX Traditions

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
  • Asphalt

Interior Spaces

  • 1,850 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

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

Community Details

  • 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: JourneyToole@kw.com 440-935-9793
  • Subdivision Name: Graham-Scofield Allotment
  • Above Grade Finished Sq Ft: 1850.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 3

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.0964
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Asphalt, Wood Siding

Garage/Parking

  • Attached Garage: No
  • 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

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: 5072406

MLS Now

APN: 121-32-075