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Key Details
Sold Price $148,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Parkhill Land & Allotment Cos
MLS Listing ID 5071181
Sold Date 11/04/24
Bedrooms 4
Full Baths 2
Half Baths 2
HOA Y/N No
Year Built 1928
Annual Tax Amount $920
Tax Year 2023
Lot Size 4,399 Sqft
Acres 0.101
Property Description
TURN KEY CASH FLOW and a 14%+ cap rate! ADD IRA and portfolio value with this rehabbed (late 2022) and fully occupied Cleveland, Ohio duplex. Down unit is Section 8 (CMHA) and rents at $927.00 per month. Up unit is $850.00 (cash tenant) wth the opportunity for an increase in the rental rate at lease renewal. Separate furnaces, water heaters, electricty and gas to each unit. Up unit furnace overhauled in 2022, down unit furnace has a manufacture date of 2001 and are in working condition. Lead Certification in place as of January 2023. The Property has an unfinished attic for value-add opportunity.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Laundry In Basement
Exterior
Garage Driveway
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 139-05-084
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Journey Toole • Keller Williams Living
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