NOT LISTED FOR SALE
7 Beds
3 Baths
3,011 Sq Ft
7,754 Sq Ft Lot

Last Sold December 19, 2024

Last sale price $166,000 $55 Per Sq Ft

10 Days on Market

Highlights

  • 2 Car Garage
  • Wood Siding
  • Heating System Uses Gas

About This Home

As of December 2024

Located just minutes from Cleveland Clinic and the VA Hospital, this triplex is nestled in a thriving opportunity zone and just seconds from exciting new construction developments. The property features three units: a 3-bedroom, 1-bathroom unit; a 3-bedroom, 1-bathroom unit; and a studio apartment with 1 bedroom and 1 bathroom. With minor rehab finishes, this property is ready for an investor’s vision to maximize its potential. Fair market rents offer an estimated monthly rental income of $1,908 per larger unit and $1,248 for the studio apartment, for a total monthly income of $5,064 and an annual rental income of $60,768. This is a fantastic opportunity to generate significant passive income while capitalizing on the appreciation of a rapidly developing area. Schedule your showings today!

Last Agent to Sell the Property

Alexys Jones

Keller Williams Greater Metropolitan Brokerage Email: alexysjones@kw.com 440-694-5551 License #2021001979 Listed on: 11/16/2024

Keller Williams Greater Metropolitan

Co-Listed By

Rachael Thompson

Keller Williams Greater Metropolitan Brokerage Email: alexysjones@kw.com 440-694-5551 License #2022000762

Last Buyer's Agent

Christine Revay

Real of Ohio License #2022007949

Real of Ohio

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,050

Year Built

  • Built in 1905

Lot Details

  • 7,754 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Fixer Upper
  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 3,011 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 119-31-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,050

Year Built

Built in 1905

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1905
  • Attribution Contact: alexysjones@kw.com 440-694-5551
  • Co List Office Phone: 216-839-5500
  • ResoSpecialListingConditions: Standard
  • Above Grade Finished Sq Ft: 3011.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Reso Interior Features: Ceiling Fan(s)
  • Unit Levels: Two
  • Reso Property Condition: Fixer
  • Tax Year: 2023
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.178
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 119-31-014
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3050.0
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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 List to Sale Price per Sq Ft Prior Sale
12/19/2024 12/19/24 Sold $166,000 +10.7% $55 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
11/16/2024 11/16/24 For Sale $150,000 +38.9% $50 / Sq Ft
11/16/2022 11/16/22 Sold $108,000 -6.5% $36 / Sq Ft View Prior Sale
10/27/2022 10/27/22 Pending -- -- --
10/26/2022 10/26/22 For Sale $115,500 -- $38 / Sq Ft
Source: MLS Now

Tax History

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
2024 $2,527 $37,800 $5,390 $32,410
2023 $820 $10,580 $3,050 $7,530
2022 $1,625 $10,570 $3,045 $7,525
2021 $798 $10,570 $3,050 $7,530
2020 $856 $9,800 $2,840 $6,970
2019 $792 $28,000 $8,100 $19,900
2018 $838 $9,800 $2,840 $6,970
2017 $893 $10,680 $1,610 $9,070
2016 $886 $10,680 $1,610 $9,070
2015 $846 $10,680 $1,610 $9,070
2014 $846 $10,150 $1,540 $8,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5085536

MLS Now

APN: 119-31-014