UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,289 sqft
Price per Sqft $139
Subdivision Pasadena Park Allotment
MLS Listing ID 5108992
Bedrooms 6
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,289
Year Built 1928
Annual Tax Amount $5,238
Tax Year 2024
Lot Size 7,348 Sqft
Acres 0.1687
Property Sub-Type Duplex
Property Description
Each unit boasts distinct features designed for comfort and convenience. Unit 1 impresses with recently upgraded forced air heating and central air conditioning (2022), a beautifully resurfaced clawfoot bathtub, modern bathroom fixtures, and essential appliances including a stove and dryer. Unit 2 includes forced heat (regularly serviced), updated bathroom fixtures, and essential appliances like a stove, refrigerator, washer, and dryer.
Major enhancements since 2017 ensure peace of mind and added value: a fully rebuilt roof and updated overhangs (2019), waterproofing and storm line replacements, a new asphalt driveway (2022), vinyl siding, 26 out of 36 windows replaced, updated gutters and fascia, and a fenced backyard ideal for private outdoor enjoyment.
Positioned in a neighborhood renowned for its convenience and charm, this duplex is poised for solid returns, with a market-driven estimated monthly rental income of approximately $1,850 per unit—totaling around $3,700 monthly or $44,400 annually. With a strong cap rate of approximately 9.02%, the property aligns perfectly with Cleveland's growing rental market trends, representing a wise investment choice.
Don't miss this opportunity to secure a versatile property with exceptional rental prospects in one of Cleveland's most vibrant communities. Schedule your showing today and envision the potential at 3837 W. 160th Street!
Location
State OH
County Cuyahoga
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air
Cooling Central Air, Ceiling Fan(s), Wall/Window Unit(s)
Fireplace No
Appliance Dryer, Dishwasher, Range, Refrigerator, Washer
Laundry In Basement
Exterior
Parking Features Driveway, Garage, On Street
Garage Spaces 2.0
Garage Description 2.0
Fence Back Yard, Chain Link, Wood
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 025-29-043
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA