$166,000
$150,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
3 Baths
3,011 SqFt
SOLD DATE : 12/19/2024
Key Details
Sold Price $166,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,011 sqft
Price per Sqft $55
MLS Listing ID 5085536
Sold Date 12/19/24
Bedrooms 7
Full Baths 3
Construction Status Fixer
HOA Y/N No
Abv Grd Liv Area 3,011
Year Built 1905
Annual Tax Amount $3,050
Tax Year 2023
Lot Size 7,753 Sqft
Acres 0.178
Property Description
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!
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Interior Features Ceiling Fan(s)
Heating Gas
Cooling None
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Fixer
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 119-31-014
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Christine Revay • Real Brokerage Technologies, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "