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

Sale Details

Date Sold: December 19, 2024

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

10 Days on Market

Highlights

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

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

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

Interior Spaces

  • 3,011 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 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

7,754 Sq Ft Lot

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

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

Listed on
Nov 16, 2024
Closed on
Dec 17, 2024
Sold by
Bought by
Seller's Agent
Alexys Jones
Keller Williams Greater Metropolitan
Buyer's Agent
Christine Revay
Real of Ohio
List Price
$150,000
Sold Price
$166,000
Premium/Discount to List
$16,000
10.67%
Views
73

Purchase Details

Listed on
Oct 26, 2022
Closed on
Nov 14, 2022
Sold by
Bought by
Seller's Agent
De'Chella Woodruff
HomeSmart Real Estate Momentum LLC
Buyer's Agent
Latasha Jamison
DreamTeam Realty, Inc.
List Price
$115,500
Sold Price
$108,000
Premium/Discount to List
-$7,500
-6.49%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.84%
Original Mortgage
$80,000
Interest Rate
7.08%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 28, 2020
Sold by
Bought by

Purchase Details

Closed on
Apr 13, 1982
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1975
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$166,000 None Listed On Document
$108,000 Black Tie Title
$45,000 Erie Title Agency
-- --
-- --
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
Previous Owner $80,000
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 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

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 $2,529 $37,800 $5,390 $32,410
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

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