NOT LISTED FOR SALE
5 Beds
3 Baths
2,242 Sq Ft
5,001 Sq Ft Lot

Last Sold December 04, 2023

Last sale price $195,000 $87 Per Sq Ft

7 Days on Market

About This Home

As of December 2023

Introducing a great investment opportunity in the thriving westside of Cleveland: a well -maintained 3-unit property consisting of (2) two-bedroom/1-bathroom units and a 1-bedroom/1-bathroom unit. This property has a stable and secure income stream, with all units currently rented to subsidized (EDEN) tenants. The first two units, both 2/1, fetch $1,290 in monthly rent, and their leases extend until July 30th, 2024 and April 30th, 2024, respectively. The third unit, a 1/1 layout, brings in a solid $1,000 in rent with a lease agreement in place until March 2024. This property has undergone a series of cosmetic updates, ensuring its appeal and value remain high. Recent updates include the installation of vinyl plank flooring, modernized bathrooms and kitchens, upgraded electrical systems, and the addition of newer hot water tanks. The owner pays for all utilities, which typically amount to a reasonable $550-600 per month. Don't miss the chance to add this turnkey investment to your portfolio and enjoy a steady stream of income with minimal hassle.

Last Agent to Sell the Property

Tal Tamir

Russell Real Estate Services Brokerage Email: tal@premierclevelandinvesting.com (216) 870-8687 License #2018001908 Listed on: 11/01/2023

Russell Real Estate Services

Last Buyer's Agent

Ryan McCullough

RE/MAX Above & Beyond License #2016000269

RE/MAX Above & Beyond

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,440

Year Built

  • Built in 1914

Lot Details

  • 5,001 Sq Ft Lot

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,242 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • No Garage
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 014-05-002

Community Details

Overview

  • 3 Units
  • Bethuel Fish Heirs Subdivision

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,440

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1914
  • Attribution Contact: tal@premierclevelandinvesting.com (216) 870-8687
  • Subdivision Name: Bethuel Fish Heirs
  • Above Grade Finished Sq Ft: 2242.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Property Sub Type Additional: Triplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 3

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1148
  • Home Warranty: No
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, Paved

Utilities

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

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 014-05-002
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1440.0

Range of Values:

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Average Value
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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 Change Sq Ft Price
12/04/2023 12/04/23 Sold $195,000 +2.7% $87 / Sq Ft
11/07/2023 11/07/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $189,900 -- $85 / 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: 4501240

MLS Now

APN: 014-05-002