For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $345,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,530 sqft
Price per Sqft $97
Subdivision Minor Heights
MLS Listing ID 5039151
Sold Date 08/27/24
Bedrooms 8
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 3,530
Year Built 1920
Annual Tax Amount $9,862
Tax Year 2023
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Calling all investors! Here's a remarkable profitable investment opportunity in Cleveland Heights that you don't want to miss. Located near Coventry with convenient freeway access and proximity to Case Western, plus a park just across the street, this move-in-ready duplex is awaiting its new owner. House hack or keep cash flowing! This duplex boasts a bottom unit currently flourishing as a successful short-term rental, providing substantial income. (Averaging $70-100+ per night) upper unit paying $1800 a month. Booking details available upon request, showcasing its potential for continued financial success. The upper unit is presently leased to a long-term tenant, offering stability in rental income. Upon their departure, envision the unit's transformation into an ideal corporate housing space. Furniture for the first floor can be included at an additional cost, simplifying the transition process. This property is a well-oiled cash cow, promising a consistent stream of revenue for savvy investors. To sweeten the deal, the seller is open to providing seller financing with a low 10% down payment, ensuring a smooth transaction process. Reach out for more information on this fantastic opportunity! The lower unit features 3 bedrooms, 1 bathroom. The upper unit features 5 beds/ 1 bath. The third finished level surprises with a bonus bed/living room or additional bedrooms. Outside, there's a detached two-car garage Additional upgrades like new windows, electrical panels, &!plumbing. Don't miss out—schedule your private showing today!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Hot Water, Radiator(s), Steam
Cooling None
Fireplace No
Laundry Common Area
Exterior
Garage Detached, Garage, Paved
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type Detached, Garage, Paved
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 684-31-012
Acceptable Financing Cash, Conventional, FHA, Owner May Carry, VA Loan
Listing Terms Cash, Conventional, FHA, Owner May Carry, VA Loan
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Gregory Erlanger • Keller Williams Citywide