Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1910
Sq.Footage
2,880
Don’t miss this great investment opportunity in Cleveland’s desirable West Park area! This renovated four-unit property features four 2-bedroom, 1-bath units, each with an open-concept living and kitchen area and its own laundry. The building was completely gutted and renovated from the studs. Major updates include four Goodman high-efficiency furnaces with A/C, power-vent hot water heaters, updated electrical and plumbing, insulation, ductwork, low-E vinyl windows, fiberglass entry doors, and a durable roof system. Each unit is equipped with a refrigerator, microwave, and electric range. Three of the four units are currently occupied, providing rental income while offering the flexibility to live in the vacant unit or rent it out for additional income. Recent exterior improvements include new gravel in the driveway and parking area, stained exterior wood, updated landscaping, and tree removal. Potential Cap Rate 9% Conveniently located near public transportation, shopping, parks, schools, churches, and Kamms Corners, with Fairview Hospital approximately 2 miles away. A great opportunity for investors or owner-occupants looking to build equity while generating rental income!
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Above Grade Finished Area
2880.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Parking
Driveway, Gravel, Paved
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1436
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$515,000
-
Tax Amount
$12,431
-
Financing Options
Cash, Conventional, FHA, VA Loan
-
Sq. Footage
2,880
-
Price/SqFt
$178
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
Cleveland Municipal - 1809
-
High School
Cleveland Municipal - 1809
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
Cleveland Municipal - 1809
High School
Cleveland Municipal - 1809
Listing Courtesy of Lisa K Sisko, Keller Williams Greater Metropolitan
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