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1747 E 70th ST Cleveland, OH 44103
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Key Details
Sold Price $72,000
Property Type Single Family Home
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Streater & Adams
MLS Listing ID 4506583
Sold Date 09/06/24
Bedrooms 5
Full Baths 2
HOA Y/N No
Year Built 1900
Lot Size 3,001 Sqft
Acres 0.0689
Property Sub-Type Duplex
Property Description
Located near the Agora and Cleveland Clinic main campus, This property is ready for tenants of your choosing. Cash flow is strong with market rents at or above $1800/mo total. previously rented at $850 & $800. The upstairs unit is 2 stories with 4 bedrooms and 1 bath. The lower unit has private access to the basement which makes both units feel like a townhome style. Updates include new furnaces, new hot water tanks, new carpet, paint, trim and a new roof, making all your big capx items already completely. Current taxes are only $769/ year! Assuming 8% property management, 5% maintenance and $700/year in insurance, your estimated NET income is over $15k/year offering the buyer a 17% cap rate. If you're looking for cash flow- this is it. Seller also has another duplex for sale & Will offer package pricing! Showings after submitted offer with supporting pof only.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Appliance Range, Refrigerator
Laundry None
Exterior
Parking Features Detached, Garage, Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage false
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 106-15-100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Robert L Rogers • Keller Williams Greater Metropolitan