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Key Details
Sold Price $400,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 8,370 sqft
Price per Sqft $47
Subdivision Elwell & Marvins
MLS Listing ID 4244818
Sold Date 02/16/21
HOA Y/N No
Abv Grd Liv Area 8,370
Year Built 1910
Annual Tax Amount $4,228
Lot Size 0.277 Acres
Acres 0.2772
Property Description
It is an 8 unit apartment - 4 one beds/1 bath and 4 2 beds/1 bath. Well cared for. 5 new furnaces and the other 3 are not bad (1990's), 1 or 2 new water heaters, vinyl windows, long time tenants. Building is in good shape. One city worker pays his own rent. One cash through VA. The other 6 are section 8. All 8 are veterans. Money comes in on time. Section 8 has approved new December rents but cannot go into effect until December 1st. Gross income is $61,000. Net should be around $49,600 after taxes, insurance and W/S/T. Taxes = $4,227.98/year Water & Trash = $197.70 / May 2020 Sewer = $208.54 / April 2020 Sewer = $238.58 / June 2020. Seller has owned it for 10 years. It is well cared for and he is not selling a "problem". Selling to move in a different career direction.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None, Wall Unit(s)
Fireplace No
Exterior
Parking Features None, On Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Flat
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 006-04-053
Financing Conventional
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Bought with David J Reimer • BHHS Professional Realty