$99,000
$104,900
5.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,473 SqFt
SOLD DATE : 12/13/2024
Key Details
Sold Price $99,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,473 sqft
Price per Sqft $67
MLS Listing ID 5018491
Sold Date 12/13/24
Style Colonial
Bedrooms 4
Full Baths 1
Half Baths 1
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 1,473
Year Built 1911
Annual Tax Amount $718
Tax Year 2023
Lot Size 3,746 Sqft
Acres 0.086
Property Description
JUST LISTED - a prime single-family investment opportunity, now occupied by a reliable CMHA tenant paying $1495/month on a secure annual lease. Boasting vinyl windows, glass block windows in the basement, a 5-year-old roof, and a newer hot water tank, the property is well-maintained and poised for long-term returns. Successfully passing the CMHA inspection, this investment is poised to be a hassle-free ownership experience. The tenant is responsible for electric/gas payments, while the owner covers water/sewer expenses. At the current purchase price, the property offers an impressive 25% cash-on-cash return, making it a strategic, hands-off and lucrative addition to any investment portfolio.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Baseboard, Hot Water, Steam
Cooling None
Fireplaces Number 1
Fireplace Yes
Laundry Washer Hookup, Electric Dryer Hookup, In Basement
Exterior
Parking Features Driveway, Paved
Water Access Desc Public
Roof Type Slate
Porch Porch
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 673-12-077
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Other
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Tal Tamir • Russell Real Estate Services
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "