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Key Details
Sold Price $260,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,144 sqft
Price per Sqft $50
Subdivision Willoughby City
MLS Listing ID 4341956
Sold Date 04/27/22
Bedrooms 7
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 5,144
Year Built 1910
Annual Tax Amount $5,624
Lot Size 5,144 Sqft
Acres 0.1181
Property Description
Rarely available 4 unit in the heart of Downtown Willoughby. Two buildings complete this investment including a two story 3 unit building consisting of (2) 2BR/1BA units and (1) 1BR/1BA unit plus a Detached Single Family Home (2BR/1BA and BSMT) in the rear. Each unit has a dedicated parking spot. The property is historically 100% occupied with room to increase rents. Both buildings are serviced by a single gas/steam boiler which gives the savvy investor the opportunity to upgrade to individual HVAC units, instantly increasing value and the bottom line. This is an outstanding opportunity for the experienced investor looking to add unit count to the portfolio.
Location
State OH
County Lake
Rooms
Basement Full, Unfinished
Interior
Heating Gas, Hot Water, Radiator(s), Steam
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features No Garage, Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Pitched
Building
Sewer Public Sewer
Water Public
Schools
School District Willoughby-Eastlake - 4309
Others
Tax ID 27-A-030-A-00-034-0
Financing Cash
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Bought with Jacob D Sudnick • BHHS Professional Realty
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