Price Reduction
Address
1498 E 118th Street, Cleveland, OH
Price
$ 444,000
Property Attributes
- ID#5020284
- TypeContingent
- CountyCUYAHOGA
- CityCleveland
- NeighborhoodMccaslin
- Zip44106
- Style
- Year Built1910
- Taxes$ 790
- Price$ 444,000
- Bedrooms8
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage3588
- Lot Size3,559 SqFt
Data Source:
MLSNow
Property Description
Welcome to this completely renovated multi-family colonial located in the booming neighborhood of University Circle. With just 5 minutes from Case Western Reserve, Cleveland Clinic, UH Hospital, Cleveland Musuem of Art, Cleveland History Musuem, and various attractions, the location speaks for itself! This property features two units that hold 4 bedrooms and two full bathrooms each, giving the property a total of 8 bedrooms and 4 bathrooms. The units are designed to rent by the room. Each room is marked with a number to avoid any confusion and equip with a lockbox outside every door to give tenants the utmost privacy. The property is fully occupied bringing in $4,700 a month. Both units mirror one another and are identical. On the top floor you will find a secluded bedroom and bathroom that is being rented at $650 a month. On the second floor you will find three more bedrooms, and another full bathroom. The larger of the three rooms are being rented at $600 a month, and the two smaller are $550 a month. Both occupied rooms are on short term leases. The property has been completely renovated with brand new windows, roof, electrical, mechanicals, and plumbing. Property will also be sold fully furnished! Property is tax abated for the next 15 years!
| Price History | |
|---|---|
| 2/28/2024 | Listed $450,000 |
| 4/6/2024 | 2% - $444,000 |
General Features
| Interior Features | OpenFloorplan,RecessedLighting |
|---|---|
| Sewer | PublicSewer |
| Heating | ForcedAir |
| Cooling | CeilingFans |
| Possession | DeliveryOfDeed |
| Roof | Shingle |
| Appliances | Dryer,Dishwasher,Microwave,Range,Refrigerator,Washer |
| Construction Materials | VinylSiding |
| Year Built | 1910 |
| Township | Cleveland |
| Levels | ThreeOrMore |
| Property SubType | Duplex |
| Tax Year | 2023 |
| OwnerPays | AllUtilities |
| County | Cuyahoga |
| New Construction | No |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Contingency | Inspections |
| Subdivision Name | Mccaslin |
| Garage Y/N | No |
| Status | Contingent |
| Directions | Take exit 170C to merge onto I-90 E. Turn right onto Wade Park Ave,turn left onto E 115th St. Turn right onto Ashbury. Turn left onto E 118th. Destination is on the left. |
| ModificationTimestamp | 2024-05-01T22:56:56.573-00:00 |
| City | Cleveland |
| Buyer Agent Compensation | 2.25 |
| Disclosures | PrincipalisRealEstateLicensed |
| View Y/N | No |
| Senior Community Y/N | No |
| High School District | Cleveland Municipal - 1809 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | 118th |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 790.0 |
| 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 | 62 |
| Standard Status | ActiveUnderContract |
| Middle/Junior School District | Cleveland Municipal - 1809 |
| Elementary School District | Cleveland Municipal - 1809 |
| Property Sub Type Additional | Duplex |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | Item1 |
| Legal Description | 388 |
Interior Features
| Basement | PartiallyFinished |
|---|---|
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 3588.0 |
| Full Baths | 2 |
| Street Suffix | Street |
| Laundry Features | InBasement |
| Total Bedrooms | 8 |
| Electric On Property Y/N | No |
| Above Grade Finished Area Source | Assessor |
| Total Baths | 2 |
| Living Area Units | SquareFeet |
Exterior Features
| Parking Features | AdditionalParking,Gravel,OffStreet,OnStreet |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.0817 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Size Acres | 0.0817 |
| 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
Property vs Contingent Average in 44106
Price
Taxes
Visits
Year Built
Canopy MLS® Copyright ©2024 All rights reserved.
© MLS Now, INC - Northern Ohio Regional Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective
