NOT LISTED FOR SALE
8 Beds
4 Baths
1,588 Sq Ft
4,800 Sq Ft Lot

Sale Details

Date Sold: August 30, 2023

Last sale price $65,000 $41 Per Sq Ft

175 Days on Market

About This Home

As of August 2023

Welcome to 13616 Coit Rd! This property offers an incredible investment opportunity for those seeking a four-unit building with excellent income potential. The renovation of the property needs to be completed but with such large units a little bit of work will go a long way! This building could become a true gem for the right owner.

The windows have been updated,units painted and two of the kitchens are partially complete, providing a head start for the new owner. The building is located conveniently close to highways that will take you downtown, offering easy access to all the city has to offer.

Once fully occupied, this building has the potential to generate $3000 per month, providing a steady stream of income for years to come. Whether you're an experienced investor or someone looking for a new opportunity, this property is sure to impress with it's ability to be a cash cow!

Don't miss out on this chance to own a piece of prime real estate in a rapidly growing area. Contact us today to schedule a tour and see for yourself the potential that this property holds!

Last Agent to Sell the Property

Wayne Brooks

Genstone Realty License #2019001686 Listed on: 03/09/2023

Genstone Realty

Co-Listed By

Andrea Timko

EXP Realty, LLC. License #2019007247

Last Buyer's Agent

Lovie Hogan

EXP Realty, LLC. License #2022002197

EXP Realty, LLC.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 4,800

Parking

  • Shared Driveway

Home Design

  • Asphalt Roof

Interior Spaces

  • 1-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • 4,800 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 111-22-001

Community Details

Overview

  • 4 Units
  • Glenhaven Sub Community

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

4,800 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • Price Per Square Foot: 114.84
  • Estimated Price per Sq Ft: 114.84
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 566
  • Year Built: 1930
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Attribution Contact: waynebrooksrei@gmail.com (216) 440-1926
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1930

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Detail: Unfinished
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 566.00
  • Sq Ft Approx Below Grade Finished: 1022.00
  • Sq Ft Approx Total Finished: 1588.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Shared

Utilities

  • LaundryFeatures: Shared
  • Heating Fuel: Gas
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Glenhaven Sub

Schools

  • School District: Cleveland Municipal

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1102
  • Parcel Number: 111-22-001

Multi Family

  • Unit Count: 4
  • Num Of Buildings: 1
  • Number of Units: 4

Tax Info

  • Tax: 2157

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Outstanding Balance
$196,205
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 9, 2023
Closed on
Aug 25, 2023
Sold by
Bought by
Seller's Agent
Wayne Brooks
Genstone Realty
Buyer's Agent
Lovie Hogan
EXP Realty, LLC.
List Price
$79,900
Sold Price
$65,000
Premium/Discount to List
-$14,900
-18.65%
Views
297

Purchase Details

Closed on
Aug 18, 2022
Sold by
Bought by

Purchase Details

Closed on
Jan 19, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2018
Sold by
Bought by

Purchase Details

Closed on
Sep 13, 2018
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 1983
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1975
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$252,000 Titleco Title Agency
$65,000 Titleco Title Agency
-- Titleco Title Agency
$30,000 Titleco Title Agency Ltd
$65,000 First Meridian Title
$17,000 Innovative Title & Escrow
$32,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $201,600
Previous Owner $95,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/30/2023 08/30/23 Sold $65,000 -18.6% $41 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $79,900 0.0% $50 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
05/22/2023 05/22/23 Price Changed $79,900 -6.0% $50 / Sq Ft
05/08/2023 05/08/23 Price Changed $85,000 -5.0% $54 / Sq Ft
04/19/2023 04/19/23 Price Changed $89,500 -10.1% $56 / Sq Ft
02/06/2023 02/06/23 For Sale $99,500 -- $63 / Sq Ft
Source: MLS Now

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,154 $20,790 $1,260 $19,530
2024 $2,315 $20,790 $1,260 $19,530
2023 $2,330 $21,630 $1,400 $20,230
2022 $2,157 $21,630 $1,400 $20,230
2021 $2,164 $21,630 $1,400 $20,230
2020 $2,209 $16,350 $1,260 $15,090
2019 $1,600 $46,700 $3,600 $43,100
2018 $1,972 $16,350 $1,260 $15,090
2017 $1,494 $14,710 $3,540 $11,170
2016 $1,495 $14,710 $3,540 $11,170
2015 $2,724 $14,710 $3,540 $11,170
2014 $2,724 $17,500 $4,200 $13,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4436454

MLS Now
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