UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $90
Subdivision South End Realty Cos Washingt
MLS Listing ID 5208322
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,200
Year Built 1914
Annual Tax Amount $2,254
Tax Year 2024
Lot Size 5,127 Sqft
Acres 0.1177
Property Sub-Type Duplex
Property Description
The third floor offers excellent value-add potential and is already partially improved for possible conversion into a third income-producing unit. Much of the preliminary work has been completed, with plans/approvals and installation of a kitchen and bathroom still needed. Buyer to verify all requirements and approvals for conversion.
Additional features include a shared basement with laundry and extra storage, two-car garage, upper and lower porches, and solid brick construction. With established tenants, strong in-place cash flow, and current rental income that exceeds the 1% rule at the asking price, this is an outstanding opportunity for investors seeking a turnkey, income-producing property with future upside.
Location
State OH
County Cuyahoga
Rooms
Basement Common Basement
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage, Off Street, Paved, On Street
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 Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 511-11-088
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
NEARBY SCHOOL & BUSINESS
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