796 E 222nd St Euclid, OH 44123
Highlights
- Forced Air Heating and Cooling System
- 2 Car Garage
- Property is Fully Fenced
About This Home
As of October 2024This exceptional investment opportunity offers two properties on one parcel, including a commercial building with two units (Bar/Restaurant) and a residential home, providing significant income with room for growth. The first property features a fully rehabbed lounge and a 3-bedroom apartment above it, currently generating $2,500 monthly, with rents below market value, allowing for potential revenue increases. The lounge and the apartment are on a lease through 2027, offering long-term stability. The property also includes newer windows, electrical, plumbing, a roof replaced in 2019, 20 parking spots, and a 2-car garage. Additionally, both properties are POS compliant.
The second property is a newly remodeled 4-bedroom home with an open floor plan, granite countertops, stainless steel appliances, newer windows throughout, and central air. This spacious home includes one bedroom on the first floor and three additional bedrooms on the upper level, with a monthly rental potential of $1,800. To provide extra peace of mind, the seller offers the buyer a one-year home warranty to home. This unique property package is perfect for investors looking to expand their portfolio or those seeking a dual-income opportunity.
Last Agent to Sell the Property
Keller Williams Greater Metropolitan Brokerage Email: alexysjones@kw.com 440-694-5551 License #2021001979
Co-Listed By
Keller Williams Greater Metropolitan Brokerage Email: alexysjones@kw.com 440-694-5551 License #2022000762
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,084
Year Built
- Built in 1928
Lot Details
- 10,402 Sq Ft Lot
- Property is Fully Fenced
Parking
- 2 Car Garage
- Shared Driveway
- Parking Lot
Home Design
- Fiberglass Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 7 Bedrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Community Details
- J & M Jamnek Proposed Subdivision
Listing and Financial Details
- Home warranty included in the sale of the property
- Tenant pays for insurance, trash collection, water
- Assessor Parcel Number 641-19-038
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/02/2024 10/02/24 | Sold | $335,000 | -10.7% | -- |
| 09/16/2024 09/16/24 | Pending | -- | -- | -- |
| 09/10/2024 09/10/24 | For Sale | $375,000 | -- | -- |
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 | $6,536 | $64,960 | $14,560 | $50,400 |
| 2023 | $7,805 | $71,160 | $16,030 | $55,130 |
| 2022 | $7,705 | $71,155 | $16,030 | $55,125 |
| 2021 | $8,503 | $71,160 | $16,030 | $55,130 |
| 2020 | $4,849 | $38,220 | $14,560 | $23,660 |
| 2019 | $4,373 | $109,200 | $41,600 | $67,600 |
| 2018 | $4,289 | $38,220 | $14,560 | $23,660 |
| 2017 | $4,430 | $31,920 | $12,810 | $19,110 |
| 2016 | $4,406 | $31,920 | $12,810 | $19,110 |
| 2015 | $4,138 | $31,920 | $12,810 | $19,110 |
| 2014 | $4,604 | $36,260 | $14,560 | $21,700 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $71,000 | Commercial | |
| Previous Owner | $79,500 | Commercial | |
| Previous Owner | $78,000 | Commercial |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $335,000 | Ace Title | |
| Fiduciary Deed | $170,000 | Ace Title | |
| Warranty Deed | $214,000 | Title Alliance | |
| Deed | $87,000 | -- | |
| Deed | -- | -- |
Source: MLS Now
MLS Number: 5069544
APN: 641-19-038
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