$164,000
$170,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
4,839 Sqft Lot
SOLD DATE : 09/30/2024
Key Details
Sold Price $164,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Sladden
MLS Listing ID 5036315
Sold Date 09/30/24
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1927
Annual Tax Amount $3,071
Tax Year 2023
Lot Size 4,839 Sqft
Acres 0.1111
Property Description
**Breaking news! This gem is back on the market, through no fault of seller and with even more improvements including a brand new driveway. This property is newly appraised at higher than list price and now has a clean POS, making it a turnkey, undervalued asset. Only serious offers will be considered.**Attention Investors! Welcome to your next investment opportunity. This huge, well-maintained duplex boasts over 2200 square feet of living space across three levels, and offers easy additional income potential with the ability to convert the 3rd floor to an extra unit, further increasing your ROI. The property consists of two units: a two-bedroom unit on the first floor and a three-bedroom unit with a fully finished third floor, a clean and spacious basement, and a two-car garage. Located conveniently in Garfield Heights near amenities, the park and transportation. A significant amount of work has been invested in this property over the years, including two new furnaces, two newer water heaters, and updated electric panels - all of which has attracted great tenants. The property is currently occupied by responsible tenants who take good care of the space. Will transfer with a clean POS. All the big work has been done, allowing you to relax and enjoy a steady passive income flow. Rental income is below market rate, with room for increases.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Wall Unit(s)
Fireplace No
Exterior
Parking Features Detached, Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Garfield Heights Csd - 1815
Others
Tax ID 544-04-042
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Benjamin Smalley • Howard Hanna
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "