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Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,793 sqft
Price per Sqft $116
Subdivision Euclid Heights Allotment
MLS Listing ID 5031217
Sold Date 09/10/24
Bedrooms 9
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 4,793
Year Built 1917
Annual Tax Amount $13,760
Tax Year 2023
Lot Size 0.442 Acres
Acres 0.442
Property Description
Rare, beautifully kept, brick TRUE Triplex WITH carriage house! Incredible opportunity for an investor or owner occupant to own FOUR units in the hottest spot on the east side of Cleveland! Perfectly located on Overlook road, this property is nestled right in between Little Italy, Cedar Hill and Coventry Village. Proximity is key as potential owner occupants and tenants alike will love the walkability to universities, bars, restaurants, employment and entertainment. This is the perfect opportunity for an owner occupant or investor to also take advantage of the hot Airbnb / Mid-term rental market in the area! Amongst the four total suites, there are: (2) three bedroom, one bathroom suites in the main house, (1) two bedroom, one bathroom suite on the third floor of the main house, and the carriage house above the garage is (1) one bedroom, one bathroom WITH a lofted space. The units are large and spacious, with hardwood floors and some updates throughout. In addition, recently some mechanicals have been updated, a new boiler installed, all vinyl windows installed, and a roof less than 10 years old. Currently all units are occupied with rents well below market. The property has a two car garage as well as additional parking in the back of the house on the driveway. There is also a coin operated washer and dryer provided for tenants in the basement. *Note: The auditor's website states that the heat type is hot water/steam but the owner states that hot water/steam is only used in the carriage house and the heat type for the main house is forced air furnaces.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Ensuite Laundry Common Area, In Basement
Interior
Laundry Location Common Area,In Basement
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Laundry Common Area, In Basement
Exterior
Garage See Remarks
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Water Access Desc Public
Roof Type Composition
Parking Type See Remarks
Private Pool No
Building
Story 4
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 685-04-013
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Susan C Sasseville • EXP Realty, LLC.