Cleveland, OH 44103,1187 Addison RD
Cleveland, OH 44103,1187 Addison RD
Cleveland, OH 44103,1187 Addison RD
25
$232,000
$245,000
5.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

8 BD
4 BA
3,789 SqFt

1187 Addison RD Cleveland, OH 44103

Est. payment /mo
SOLD DATE : 08/14/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $232,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,789 sqft

Price per Sqft $61

Subdivision W H G J & E Heckers Sub

MLS Listing ID 5052011

Sold Date 08/14/24

Bedrooms 8

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 3,789

Year Built 1900

Annual Tax Amount $2,203

Tax Year 2023

Lot Size 7,400 Sqft

Acres 0.1699

Property Sub-Type Quadruplex

Property Description

Discover an exceptional investment opportunity with this well-maintained 4-unit property, perfect for both experienced investors and first-time buyers. Located in a vibrant Cleveland neighborhood, this property is surrounded by amenities that will appeal to tenants and owners alike. The unit passed FHA inspection a year and a half ago, ensuring top-notch quality and safety. The yearly revenues could be $46,104 with full occupancy. Potential buyers can live rent-free in the unoccupied unit while generating income from the other three units. There is an opportunity to increase rents, enhancing your return on investment. The roof was repaired within the last two years. The foundation is completely dry, a rare and valuable feature in this area. As well as all other major components being in working condition. This property is also section 8 approved.

The property has easy access to shopping, dining and entertainment. There are nearby parks that offer green spaces for outdoor activities. Also close to public transportation which makes it convenient for commuting. Don't miss out on this prime investment property that offers both immediate income and future growth potential. Schedule your viewing today and explore the endless possibilities this property has to offer!

Location

State OH

County Cuyahoga

Rooms

Basement Concrete

Interior

Heating Forced Air

Cooling Ceiling Fan(s)

Fireplace No

Exterior

Parking Features Driveway, On Street

Water Access Desc Public

Roof Type Flat

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 105-25-111

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Private

Special Listing Condition Standard

Read Less


Listed by Alphadetta Briscoe • Keller Williams Greater Metropolitan • a.briscoe@kw.com 216-533-4307
Bought with Edith P Ross • Russell Real Estate Services

GET MORE INFORMATION

agent

Lindsey Rose

Realtor® | CEO | Team Lead | License ID: 2017001928

+1(330) 591-0823

Name
Phone*
Message