8 Beds
4 Baths
3,712 SqFt
8 Beds
4 Baths
3,712 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,712 sqft
Price per Sqft $101
Subdivision Schilling
MLS Listing ID 5098396
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,712
Year Built 1907
Annual Tax Amount $10,295
Tax Year 2023
Lot Size 5,318 Sqft
Acres 0.1221
Property Sub-Type Quadruplex
Property Description
opportunity in a desirable location, just a stone's throw from Lakewood and downtown. This well-
maintained 4-plex boasts significant updates and fantastic cash flow potential and is ***Lead Base Paint Certified***
Property Highlights: *New Roof (2023):* A recent roof replacement ensures peace of mind for years to come.
**Renovated Top Two Units:** These units
have been completely remodeled from the studs up, featuring: New flooring. Updated plumbing. Modern kitchens and
bathrooms. New wiring throughout**Bottom Units: *Unit 1:* Fully updated with a new kitchen, bathroom, and
flooring. *Unit 2:* Showcases original hardwood floors in excellent condition. While it hasn't received the same kitchen
and bathroom updates, it has new wiring and minor repairs, making it a charming option for tenants. *Utilities:* Each
unit is equipped with new CENTRAL AC units and 12-year water heaters, enhancing comfort and efficiency.*Structural
Integrity:* Addressing previous concerns, new beams in the basement. A sump pump and drainage system have also
been installed for added protection. **Occupancy:** This property is fully occupied with self-paying tenants, providing
immediate cash flow.**Investment Details:** **Cap Rate:** This property boasts an impressive 10% cap rate, making it
an attractive investment for savvy buyers. Don't miss out on this opportunity to own a well-maintained, income-producing
property in a thriving neighborhood! This property is lead-based paint certified. Contact us today for more information.
Showings will only be allowed after we receive an acceptable offer in hand as to not to disturb the tenants.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Unpaved
Water Access Desc Public
Roof Type Other
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 001-24-025
Special Listing Condition Standard
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