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$319,000
Est. payment /mo
5 Beds
3 Baths
6,298 Sqft Lot
UPDATED:
11/25/2024 08:18 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Vansweringen
MLS Listing ID 5082938
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1928
Annual Tax Amount $7,990
Tax Year 2023
Contingent Inspections
Lot Size 6,298 Sqft
Acres 0.1446
Property Description
Rare opportunity to own a 3 unit income property perfectly located just minutes away from the Van Aken District and some of the east side's best employment an entertainment! Perfect house-hack for an owner occupant to live in one unit and have tenants pay the majority of their mortgage! Or all three units can be leased and should easily bring in #3,300 per month as is! Further updating can be done to fetch premium rents as updated 2 bed units in the neighborhood go for $1,400-$1,600! New development is happening just down the road and this property is poised to be a fantastic long term investment for the savvy investor or owner occupant. There have been a number of updates from current ownership including quartz countertops in the lower unit, refinished hardwoods, vinyl plank flooring, new bathroom vanities and light fixtures, full exterior paint job, new AC unit, new HWT, new washer and dryer, and much more! The basement is clean and dry and recently purchased a new washer and dryer. The top floor apartment is currently leased to a month to month tenant at $500 per month. As is, this can be raised to $700. There are 3 garage spots currently not being charged for but could be to produce additional income. Roof has significant life left on it and solid mechanicals! At full price, seller is offering $4,000 towards buyer's closing costs as well as a home warranty. PROPERTY WILL BE POS COMPLIANT.
Location
State OH
County Cuyahoga
Rooms
Basement Concrete
Interior
Heating Forced Air
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Exterior Feature Balcony
Parking Features Detached, Garage
Garage Spaces 3.0
Garage Description 3.0
Water Access Desc Public
Roof Type Asphalt
Porch Balcony
Private Pool No
Building
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Shaker Heights Csd - 1827
Others
Tax ID 736-20-101
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Listed by Michael Orlando • Key Realty • mjorlando1994@gmail.com 216-956-1884
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