Property Attributes
- ID#5018688
- TypeMulti-Family
- CountyCUYAHOGA
- CityCleveland
- NeighborhoodLittle Italy
- Zip44106
- Style
- Year Built1914
- Taxes$ 8393
- Price$ 800,000
- Bedrooms6
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage3898
- Lot Size9,688 SqFt
Data Source:
MLSNow
Property Description
This three unit apartment building with ground level retail can generate $5,450 in monthly rent with no additional investment. This includes $500 per month for renting the 10 parking spaces behind the building. The development opportunity can more than double the rental income by building a two, three or four unit structure on the back portion of the .224 acre lot. Located in the heart of Little Italy, this property has been family-owned since 1975 and meticulously maintained. Each existing apartment unit has been updated and has two bedrooms and a full bathroom. The ground level updated retail space with 1/2 bath has been a successful beauty salon for many years. Key upgrades include: first floor back unit renovated in 2022; Deck added off upstairs back unit in 2022; New Furnace in upstairs front unit in 2022; Deck off first floor back unit in 2015; New roof in 2014; Driveway and waterproofing in 2014; Replacement windows in 2013; Hot water tanks for all three units in 2016.
Price History | |
---|---|
2/23/2024 | Listed $800,000 |
General Features
Sewer | PublicSewer |
---|---|
Heating | ForcedAir,Gas,Gravity |
Cooling | WindowUnits |
Possession | DeliveryOfDeed |
Roof | Flat,Rubber |
Appliances | Dryer,Dishwasher,Disposal,Microwave,Range,Refrigerator,Washer |
Garage Spaces | 0.0 |
Security Features | SmokeDetectors |
Construction Materials | Brick |
Year Built | 1914 |
Stories | 2 |
Township | Cleveland |
Levels | Two |
Property SubType | Triplex |
Tax Year | 2023 |
Gross Income | 5450.0 |
Community Features | CommonGroundsArea,MedicalService,Other,Playground,Park,Shopping |
County | Cuyahoga |
Operating Expense | 5160.0 |
New Construction | No |
Property Type | ResidentialIncome |
HOA / Comm Assn | No |
Attached Garage | No |
Subdivision Name | Little Italy |
Garage Y/N | No |
Total Rooms | 13 |
Status | Active |
Directions | Off Mayfield Road in Little Italy. |
ModificationTimestamp | 2024-03-21T15:01:37.400-00:00 |
City | Cleveland |
Buyer Agent Compensation | 2.5 |
View Y/N | No |
Senior Community Y/N | No |
High School District | Cleveland Municipal - 1809 |
Waterfront Y/N | No |
Carport Spaces | 14.0 |
Carport Y/N | Yes |
Street Name | Murray Hill |
Property Attached Y/N | No |
Land Lease Y/N | No |
Tax Annual Amount | 8393.0 |
Home Warranty Y/N | No |
Lease Renewal Y/N | No |
Additional Parcels Y/N | No |
Lease Considered Y/N | No |
Rent Control Y/N | No |
Days on Market | 29 |
Standard Status | Active |
Middle/Junior School District | Cleveland Municipal - 1809 |
Elementary School District | Cleveland Municipal - 1809 |
Year Built Source | PublicRecords |
Property Sub Type Additional | Triplex |
MobileHomeRemainsYN | No |
Buyer Agent Compensation Type | Item1 |
Legal Description | 404 0164 SP |
Interior Features
Basement | Full,Unfinished,WalkOutAccess |
---|---|
Total Stories | 2 |
Basement (Y/N) | Yes |
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Above Grade Finished Area | 3898.0 |
Full Baths | 3 |
Half Baths | 1 |
Street Suffix | Road |
Laundry Features | CommonArea,InUnit |
Total Bedrooms | 6 |
Electric On Property Y/N | No |
Above Grade Finished Area Source | Realist |
Total Baths | 4 |
Living Area Units | SquareFeet |
Exterior Features
Parking Features | Detached,Garage,Paved |
---|---|
Water Source | Public |
Lot Size Area | 0.2224 |
Number of Buildings | 1 |
Spa | No |
Lot Size Acres | 0.2224 |
Lot Size Units | Acres |
Lot Size Source | Assessor |
Crops Included Y/N | No |
Open Parking Y/N | No |
Horse Y/N | No |
Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool