$190,000
$215,000
11.6%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
2,104 SqFt
SOLD DATE : 05/21/2025
Key Details
Sold Price $190,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,104 sqft
Price per Sqft $90
MLS Listing ID 5098424
Sold Date 05/21/25
Bedrooms 6
Full Baths 4
Construction Status Fixer,Updated/Remodeled,Under Construction
HOA Y/N No
Abv Grd Liv Area 2,104
Year Built 1900
Annual Tax Amount $813
Tax Year 2024
Lot Size 4,181 Sqft
Acres 0.096
Property Sub-Type Quadruplex
Property Description
Prime investment opportunity! This quadplex has undergone extensive renovation. Significant capital improvements completed between 2021-2024 include a new roof, 4 new furnaces, 4 new hot water tanks, all new windows, all new electrical panels, and substantial plumbing upgrades. While the property is being sold "as-is" and still requires TLC, the most expensive portions of the renovation have already been completed. For subsidized housing in this zip code, CMHA will pay up to $1,129 for a 2 bedroom unit, and up to $937 for a 1 bedroom unit. With two 2 bedroom units and two 1 bedroom units, this property can rent for $4,132 monthly, making this a lucrative investment. In a location with strong rental demand, this property is ideal for investors practicing the BRRR method.
Location
State OH
County Cuyahoga
Rooms
Basement Common Basement, Full, Interior Entry, Storage Space, Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Common, Driveway, No Garage
Fence None
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Accessibility None
Private Pool No
Building
Lot Description City Lot, Flat, Level, Near Public Transit
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Fixer,Updated/Remodeled,Under Construction
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 119-29-128
Financing Rehab Financing
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Bought with Leilani M Bowersock • Coldwell Banker Schmidt Realty
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "