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Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $54
Subdivision Bateman & Ingham Allotment
MLS Listing ID 5008281
Sold Date 02/27/24
Bedrooms 8
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 4,800
Year Built 1910
Annual Tax Amount $4,407
Tax Year 2022
Lot Size 0.255 Acres
Acres 0.2549
Property Description
Welcome to an exceptional investment opportunity in the heart of Cleveland, Ohio! This fully occupied four-unit Lead Safe Certified building is a cash-producing gem that promises immediate returns on your investment. Boasting a prime location, private parking, and state-of-the-art mechanicals, this turnkey property is a savvy investor's dream.
Key Features:
Fully Occupied: This four-unit building is currently fully occupied, ensuring a steady stream of income from day one. Take advantage of a stable tenant base and start reaping the rewards of your investment immediately.
Private Parking: Convenience meets value with private parking available on-site. Your tenants will appreciate the ease of parking, enhancing the overall appeal of the property.
Newer Mechanicals: Enjoy peace of mind with all-new mechanical systems. The building is equipped with the latest in HVAC, plumbing, and electrical systems, minimizing maintenance costs and ensuring a hassle-free ownership experience.
Turnkey Investment: This property is turnkey, meaning it's ready for you to step in and start generating income. With all the essentials in place, you can focus on maximizing returns without the headaches of extensive renovations.
Cash Flow: With a fully occupied building, private parking, and updated mechanicals, this property is a cash cow. Capitalize on the robust rental market in Cleveland and watch your investment grow.
Updated and Upgraded: Reach out for a comprehensive list of recent updates and upgrades to the building. From interior enhancements to exterior improvements, this property has been meticulously maintained to meet the highest standards.
Don't miss out on this prime opportunity to add a cash-producing, fully occupied four-unit building to your investment portfolio. Contact us today for a comprehensive list of Upgrades and Updates and Rent Rolls. Act fast, as properties like these are in high demand in the thriving Cleveland real estate market!
Location
State OH
County Cuyahoga
Rooms
Basement Full, Walk-Out Access
Interior
Heating Forced Air
Cooling None
Fireplace No
Window Features ENERGY STAR Qualified Windows,Insulated Windows,Screens,Wood Frames
Laundry Inside, In Unit
Exterior
Exterior Feature Awning(s), Balcony, Courtyard, Private Entrance
Garage Asphalt, Common, Paved
Fence Back Yard
Water Access Desc Public
Roof Type Flat
Porch Balcony
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 015-21-027
Security Features Smoke Detector(s)
Financing VA
Special Listing Condition Standard
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Bought with Marlene Bloomfield • Cutler Real Estate