Cleveland Heights, OH 44106,2434 Overlook RD
Cleveland Heights, OH 44106,2434 Overlook RD
Cleveland Heights, OH 44106,2434 Overlook RD
Cleveland Heights, OH 44106,2434 Overlook RD
Cleveland Heights, OH 44106,2434 Overlook RD
Cleveland Heights, OH 44106,2434 Overlook RD
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$535,000

$489,900

9.2%
Est.Price: ?

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Est. payment /mo

6 Beds

6 Baths

3,544 SqFt


SOLD DATE : 06/07/2024

Key Details

Sold Price $535,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,544 sqft

Price per Sqft $150

Subdivision Euclid Heights Allotment

MLS Listing ID 5031947

Sold Date 06/07/24

Bedrooms 6

Full Baths 6

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 3,544

Year Built 1916

Annual Tax Amount $11,482

Tax Year 2023

Lot Size 0.423 Acres

Acres 0.423

Property Description

4-unit investment opportunity now available in the most prime location bordering Little Italy and Coventry in Cleveland Heights! Nestled mere moments from Cleveland Clinic and Case Western Reserve, this 4-unit property boasts unbeatable convenience to bars, restaurants, and all the area has to offer. Currently fully occupied, it generates $6,500 in monthly rent. The expansive layout includes (2) 1-bed, 1-bath units on the first floor and (2) 2-bed, 2-bath units spanning the upper floors. Tenants enjoy modern amenities such as in-suite laundry in the 2-bed units and private basement access with laundry for the 1-bed/1-bath units. Each unit features individual furnaces and hot water tanks, with the owner billing back for water/sewer and trash. Recent updates include tiled bathrooms, newer cabinets, stone countertops, and more. With a purchase yielding over a 9% cap rate in one of Cleveland's hottest sub-markets, this property promises both immediate returns and long-term potential. Plus, benefit from newer mechanicals, updated electrical and plumbing, stainless steel appliances, and other thoughtful enhancements. Don't miss out on this exceptional investment opportunity! The county auditor's website states that there are 3 units, 4 bedrooms and 3.5 baths but the owner states that there are 4 units, 6 bedrooms and 6 bathrooms.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Forced Air, Gas

Cooling Central Air

Fireplace No

Exterior

Garage Detached, Garage

Garage Spaces 3.0

Garage Description 3.0

Waterfront No

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Parking Type Detached, Garage

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Construction Status Updated/Remodeled

Schools

School District Cleveland Hts-Univer - 1810

Others

Tax ID 685-04-014

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Other

Special Listing Condition Standard

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Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687
Bought with Bonnie A Barry • Neighborhood Partners, LLC.
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8750 Cleveland Ave NW, North Canton, Ohio, 44720-8207, USA

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