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2647 Idlewood RD Cleveland Heights, OH 44118
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Key Details
Sold Price $225,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $68
Subdivision Fairmount Heights
MLS Listing ID 4181059
Sold Date 06/01/20
Bedrooms 5
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 3,300
Year Built 1926
Annual Tax Amount $5,900
Lot Size 6,398 Sqft
Acres 0.1469
Property Description
Young professional rental providing an annual 25.6% cash on cash return! Beautiful 3 unit fully occupied young professional rental located in the heart of Cleveland Heights on a highly desirable and easy to rent street located at 2647 Idlewood Road, Cleveland Heights OH 44118! The first and second floor units each have two bedrooms and one bath. The third floor is a rentable suite with one bedroom, fully updated with skylights. All units have updated kitchens and bathrooms. Walkable to the Lee Road commercial district, this house is just minutes from CWRU and the renowned Cleveland hospital systems! Fully point of sale compliant! Turnkey easy and profitable rental! Each units is fully occupied with tenants paying all of their own utilities including gas and electric with water/sewer billed prorate back to each of the tenants. Has room to park 5 cars. Net operating income after tenant reimbursements and expenses is $28,051. Realtor is related/involved with the selling group.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Paved
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Building
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 687-19-015
Financing FHA
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Bought with Teri G Chmielewski • Keller Williams Greater Metropolitan