Willoughby, OH 44094,38257 Prospect ST
Willoughby, OH 44094,38257 Prospect ST
Willoughby, OH 44094,38257 Prospect ST
Willoughby, OH 44094,38257 Prospect ST
Willoughby, OH 44094,38257 Prospect ST
Willoughby, OH 44094,38257 Prospect ST
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$260,000

$219,000

18.7%
Est.Price: ?

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Est. payment /mo

7 Beds

4 Baths

5,144 SqFt


SOLD DATE : 04/27/2022

Key Details

Sold Price $260,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 5,144 sqft

Price per Sqft $50

Subdivision Willoughby City

MLS Listing ID 4341956

Sold Date 04/27/22

Bedrooms 7

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 5,144

Year Built 1910

Annual Tax Amount $5,624

Lot Size 5,144 Sqft

Acres 0.1181

Property Sub-Type Quadruplex

Property Description

Rarely available 4 unit in the heart of Downtown Willoughby. Two buildings complete this investment including a two story 3 unit building consisting of (2) 2BR/1BA units and (1) 1BR/1BA unit plus a Detached Single Family Home (2BR/1BA and BSMT) in the rear. Each unit has a dedicated parking spot. The property is historically 100% occupied with room to increase rents. Both buildings are serviced by a single gas/steam boiler which gives the savvy investor the opportunity to upgrade to individual HVAC units, instantly increasing value and the bottom line. This is an outstanding opportunity for the experienced investor looking to add unit count to the portfolio.

Location

State OH

County Lake

Rooms

Basement Full, Unfinished

Interior

Heating Gas, Hot Water, Radiator(s), Steam

Cooling None

Fireplace No

Laundry Common Area

Exterior

Parking Features No Garage, Paved

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Pitched

Building

Sewer Public Sewer

Water Public

Schools

School District Willoughby-Eastlake - 4309

Others

Tax ID 27-A-030-A-00-034-0

Financing Cash

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Listed by Chris M Matan • EXP Realty, LLC.
Bought with Jacob D Sudnick • BHHS Professional Realty
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