NOT LISTED FOR SALE

1565 Newman Ave Lakewood, OH 44107

6 Beds
3 Baths
3,539 Sq Ft
7,449 Sq Ft Lot

Last Sold October 19, 2021

Last sale price $325,000 $92 Per Sq Ft

7 Days on Market

Highlights

  • City View
  • Forced Air Heating System
  • Partially Fenced Property
  • Harrison Elementary School Rated A-

About This Home

As of October 2021

Inspected, cash flowing & ready to sell! A legal triplex w/ 1, 2 & 3 bedroom units, monthly gross of $3,000. An owner-occupant can purchase to live here & have the other units cover most-to-all expenses then keep this property as pure investment income after accumulating cash while living at this property to purchase another. The numbers also work for investors. The property has many updates; each unit has its own gas/ electric meters; its own entry & laundry. On a large lot with ample parking & yard space (room for multiple-car parking). The 3 BR unit ($1,050/mo) is the upper level, has a very cool layout with an open concept & in-suite laundry. The 2 BR unit ($1,125/mo) has just recently been remodeled in 2020 with new flooring throughout, a new bathroom with tile surround, new kitchen featuring stainless appliances, butcherblock counters and all new cabinets. The 1 BR unit ($850/mo) has updates just completed this year and is toward the side/back with a dedicated living room, dining room & kitchen with stainless appliances and granite counters. This unit also has a bonus room off the back entry that could be great as a mudroom, studio or creative space. The first-floor units have separate access to the basement where storage and laundry are located. All units on furnace heating, updated plumbing system & electrical panels. Roof installed 2019, Many appliances are new and are all included (except 1 w/d set). A great property that will serve you well however you use it!

Last Agent to Sell the Property

Chris Schlenkerman

Berkshire Hathaway HomeServices Professional Realty License #2003005232 Listed on: 09/04/2021

Berkshire Hathaway HomeServices Professional Realty

Co-Listed By

Jacob Reising

Berkshire Hathaway HomeServices Professional Realty License #2020005142

Last Buyer's Agent

Michael Mooneyham

Real of Ohio License #2003005457

Real of Ohio

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,945

Year Built

  • Built in 1898

Lot Details

  • 7,449 Sq Ft Lot
  • Partially Fenced Property
  • Chain Link Fence
  • Unpaved Streets

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,539 Sq Ft Home
  • 2.5-Story Property
  • City Views
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 3 Units
  • Birdtown Heights Community

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 315-14-066

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,945

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • Price Per Square Foot: 91.83
  • Estimated Price per Sq Ft: 91.83
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.50
  • Total Sq Ft: 3539
  • Year Built: 1898
  • Court Ordered Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1898

Interior Features

  • Appliances Equipment: Dryer, Range, Refrigerator, Washer
  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Detail: Full
  • Laundry: 3
  • Sq Ft Approx Above Grade Finished: 3539.00
  • Sq Ft Approx Total Finished: 3539.00

Exterior Features

  • View: City View
  • Exterior: Vinyl
  • Fences: Chain Link, Partial
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved, Unpaved

Utilities

  • LaundryFeatures: In Unit
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Birdtown Heights

Schools

  • School District: Lakewood CSD
  • School District: Lakewood CSD

Lot Info

  • Lot Description: Under 1/2 Acre
  • Lot Size Units: Acres
  • Acres: 0.1710
  • Parcel Number: 315-14-066

Rental Info

  • Owner Pays: Sewer, Water
  • Tenant Pays: Cable/Electric Link, Electric, Gas

Multi Family

  • Unit Count: 3
  • Gross Income: 3025.00
  • Num Of Buildings: 1
  • Number of Units: 3
  • Percent Units Occupied: 67

Tax Info

  • Tax: 3945

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 List to Sale Price per Sq Ft Prior Sale
10/19/2021 10/19/21 Sold $325,000 +3.2% $92 / Sq Ft
09/11/2021 09/11/21 Pending -- -- --
09/04/2021 09/04/21 For Sale $314,900 +36.9% $89 / Sq Ft
03/16/2020 03/16/20 Sold $230,000 -2.1% $65 / Sq Ft View Prior Sale
02/04/2020 02/04/20 Pending -- -- --
11/06/2019 11/06/19 Price Changed $234,900 -2.1% $66 / Sq Ft
10/04/2019 10/04/19 For Sale $239,900 -- $68 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Schlenkerman

    Seller's Agent in 2021

    Chris Schlenkerman

    Berkshire Hathaway HomeServices Professional Realty

    (216) 798-4100

    66 in this area

    765 Total Sales

    Chris Schlenkerman
    Section Image
  • Jacob Reising

    Seller Co-Listing Agent in 2021

    Jacob Reising

    Berkshire Hathaway HomeServices Professional Realty

    (419) 681-4378

    5 in this area

    30 Total Sales

    Jacob Reising
    Section Image
  • Michael Mooneyham

    Buyer's Agent in 2021

    Michael Mooneyham

    Real of Ohio

    (440) 773-4050

    1 in this area

    67 Total Sales

    Michael Mooneyham
    Section Image
  • Christy Morek

    Buyer Co-Listing Agent in 2021

    Christy Morek

    EXP Realty, LLC.

    (440) 341-3225

    16 in this area

    327 Total Sales

    Christy Morek
    Section Image

  • R

    Seller's Agent in 2020

    Renee Carlson

    Deleted Agent

    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Justin Carlson

    Deleted Agent

See All Agents

Map

Source: MLS Now

MLS Number: 4314202

MLS Now

APN: 315-14-066

Ohio Cuyahoga County Lakewood 44107

1565 Newman Ave, Lakewood, OH

This home is located at 1565 Newman Ave, Lakewood, OH 44107 since 04 September 2021. This property was built in 1898. 1565 Newman Ave is a home located in Cuyahoga County with nearby schools including Harrison Elementary School, Garfield Middle School, and Lakewood High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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