$432,000
SOLD APR 17, 2025
8 Beds
4 Baths
3,712 Sq Ft
5,319 Sq Ft Lot

Recently Sold

$116 Per Sq Ft

15% Above List Price

2 Days on Market

About This Home

As of April 2025

**Turnkey Investment Opportunity: Prime 4-Plex Near Edgewater Neighborhood** Discover an exceptional investmentopportunity in a desirable location, just a stone's throw from Lakewood and downtown. This well-maintained 4-plex boasts significant updates and fantastic cash flow potential and is ***Lead Base Paint Certified*** Property Highlights: *New Roof (2023):* A recent roof replacement ensures peace of mind for years to come. **Renovated Top Two Units:** These unitshave been completely remodeled from the studs up, featuring: New flooring. Updated plumbing. Modern kitchens andbathrooms. New wiring throughout**Bottom Units: *Unit 1:* Fully updated with a new kitchen, bathroom, andflooring. *Unit 2:* Showcases original hardwood floors in excellent condition. While it hasn’t received the same kitchenand bathroom updates, it has new wiring and minor repairs, making it a charming option for tenants. *Utilities:* Eachunit is equipped with new CENTRAL AC units and 12-year water heaters, enhancing comfort and efficiency.*StructuralIntegrity:* Addressing previous concerns, new beams in the basement. A sump pump and drainage system have alsobeen installed for added protection. **Occupancy:** This property is fully occupied with self-paying tenants, providingimmediate cash flow.**Investment Details:** **Cap Rate:** This property boasts an impressive 10% cap rate, making itan attractive investment for savvy buyers. Don’t miss out on this opportunity to own a well-maintained, income-producingproperty in a thriving neighborhood! This property is lead-based paint certified. Contact us today for more information.Showings will only be allowed after we receive an acceptable offer in hand as to not to disturb the tenants.

Last Agent to Sell the Property

Greg Erlanger

Keller Williams Citywide Brokerage Email: Info@EZSalesTeam.com 216-916-7778 License #2004000516 Listed on: 02/19/2025

Keller Williams Citywide

Last Buyer's Agent

Jack Krusinski

EXP Realty, LLC. License #2021004622

EXP Realty, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,295

Year Built

  • Built in 1907

Lot Details

  • 5,319 Sq Ft Lot

Parking

  • Unpaved Parking

Home Design

  • Wood Siding

Interior Spaces

  • 3,712 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Schilling Subdivision

Listing and Financial Details

  • Assessor Parcel Number 001-24-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,295

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Quadruplex
  • Year Built: 1907
  • Attribution Contact: Info@EZSalesTeam.com 216-916-7778
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Schilling
  • Above Grade Finished Sq Ft: 3712.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2

Exterior Features

  • Roof: Other
  • Acres: 0.1221
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 001-24-025
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10295.0

Range of Values:

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List Price
Sold Price
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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
04/17/2025 04/17/25 Sold $432,000 +15.2% $116 / Sq Ft
02/21/2025 02/21/25 Pending -- -- --
02/19/2025 02/19/25 For Sale $375,000 0.0% $101 / Sq Ft
12/03/2022 12/03/22 Rented $975 0.0% --
10/17/2022 10/17/22 Under Contract -- -- --
09/16/2022 09/16/22 For Rent $975 0.0% --
11/19/2020 11/19/20 Sold $310,000 0.0% --
09/17/2020 09/17/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $310,000 -- --
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: 5098396

MLS Now