Seller's Agent in 2024
Arthur Obleton
EXP Realty, LLC.
(216) 482-9035
4 in this area
189 Total Sales
3556 E 116th St Cleveland, OH 44105
Union-Miles Park Neighborhood
8
Beds
4
Baths
3,072
Sq Ft
5,998
Sq Ft Lot
About This Home
As of March 2024Welcome to your gateway to an exceptional investment opportunity! This four-unit apartment building is a smart
investment with significant income potential featuring 4 units, each offering 2 bedrooms and 1 bath. Upgrades include a
new roof installed in 2023, a six-year-old A/C system, and a sprinkler system that helps keep the landscaping. There is
also a paved parking lot dating back to 2014. These updates not only enhance the property's appeal but also minimize
maintenance costs for the savvy investor. Currently, the owner is collecting $800 per unit per month, with tenants
responsible for their gas and electricity bills. Whether you’re looking to expand your investment portfolio or start a new
venture, this property offers a solid foundation for success.
Last Agent to Sell the Property
EXP Realty, LLC. Brokerage Email: artobletonjr@gmail.com 216-482-9035 License #2013002700 Listed on: 02/19/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,007
Year Built
- Built in 1963
Lot Details
- 5,998 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Fiberglass Roof
- Asphalt Roof
Interior Spaces
- 3,072 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- Paved Parking
- Parking Lot
Utilities
- Central Air
- Hot Water Heating System
Community Details
- Charles Corlett Subdivision
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 135-11-024
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/09/2024 03/09/24 | Sold | $250,000 | 0.0% | $81 / Sq Ft |
| 02/20/2024 02/20/24 | Pending | -- | -- | -- |
| 02/20/2024 02/20/24 | For Sale | $250,000 | -- | $81 / Sq Ft |
Source: MLS Now
Tax History Compared to Growth
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 | $2,272 | $22,155 | $3,150 | $19,005 |
| 2023 | $1,007 | $10,190 | $3,540 | $6,650 |
| 2022 | $1,006 | $10,190 | $3,540 | $6,650 |
| 2021 | $1,008 | $10,190 | $3,540 | $6,650 |
| 2020 | $936 | $9,100 | $3,150 | $5,950 |
| 2019 | $881 | $26,000 | $9,000 | $17,000 |
| 2018 | $683 | $9,100 | $3,150 | $5,950 |
| 2017 | $506 | $5,050 | $2,210 | $2,840 |
| 2016 | $506 | $5,050 | $2,210 | $2,840 |
| 2015 | $598 | $5,050 | $2,210 | $2,840 |
| 2014 | $598 | $5,990 | $2,630 | $3,360 |
Source: Public Records
Agents Affiliated with this Home
-
Arthur Obleton
-
Kenisha Bey
K
Buyer's Agent in 2024
Kenisha Bey
EXP Realty, LLC.
(216) 972-1611
1 in this area
9 Total Sales
Map
Source: MLS Now
MLS Number: 5018711
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