$117,500
SOLD DEC 5, 2024
8 Beds
3.5 Baths
3,899 Sq Ft
9,152 Sq Ft Lot

Recently Sold

$30 Per Sq Ft

22% Below List Price

14 Days on Market

About This Home

As of December 2024

Investment Opportunity: Dual-Unit Property with Additional Income Potential

Are you looking to enhance your rental portfolio or live in one unit while earning rental income from the others? This property presents an exceptional opportunity!

This unique investment features a front duplex with substantial income potential. The downstairs unit is a spacious 3-bedroom, 1-bathroom residence currently rented to a long-term tenant for $700 per month. The upstairs unit, a recently updated 2-bedroom, 1-bathroom space, is freshly painted and ready for a new tenant, with potential rental income of $950 to $1,000 per month.

Additionally, the property includes a 3-bedroom, 1.5-bathroom single-family home at the back of the lot. This unit requires renovation, but once completed, it could generate an extra $1,100 to $1,300 per month.

With a total potential income of $2,500 to $3,000 per month, this property is a fantastic investment opportunity that you won’t want to miss!

This property features two distinct buildings.

- **Front Building Duplex:** The upstairs unit is readily accessible for showings.

- **Back Building SFH:** This unit requires a complete renovation. Showings for the back house can only be conducted with a signed waiver release emailed to the listing agent.

The lower unit in the front building is currently rented to a long-term tenant and will only be available for viewing once the property has an accepted offer. Please respect the tenant's privacy and do not disturb them.

**Utilities:** The tenants cover all utilities except for water and sewer.

Last Agent to Sell the Property

Chera Ihnat

HomeSmart Real Estate Momentum LLC Brokerage Email: cherasellshomes@gmail.com 440-487-5365 License #2016004215 Listed on: 10/26/2024

HomeSmart Real Estate Momentum LLC

Last Buyer's Agent

Josh Janus

Key Realty License #2021008169

Key Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 9,152 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Asphalt Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 3,899 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • Betts & Ribbins Subdivision

Listing and Financial Details

  • Assessor Parcel Number 015-24-051

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1900
  • Attribution Contact: cherasellshomes@gmail.com 440-487-5365
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Betts & Ribbins
  • Above Grade Finished Sq Ft: 3899.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Stories: 2

Exterior Features

  • Roof: Asphalt
  • Acres: 0.2101
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway

Utilities

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

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 015-24-051
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3248.0

Range of Values:

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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
12/05/2024 12/05/24 Sold $117,500 -21.7% $30 / Sq Ft
11/09/2024 11/09/24 Pending -- -- --
10/26/2024 10/26/24 For Sale $150,000 -- $38 / Sq Ft
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: 5080820

MLS Now

APN: 015-24-051