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3556 E 116th ST Cleveland, OH 44105
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Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $81
Subdivision Charles Corlett
MLS Listing ID 5018711
Sold Date 03/09/24
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,072
Year Built 1963
Annual Tax Amount $1,007
Tax Year 2023
Lot Size 5,998 Sqft
Acres 0.1377
Property Description
Welcome to your gateway to an exceptional investment opportunity! This four-unit apartment building is a smart
investment with significant income potential featuring 4 units, each offering 2 bedrooms and 1 bath. Upgrades include a
new roof installed in 2023, a six-year-old A/C system, and a sprinkler system that helps keep the landscaping. There is
also a paved parking lot dating back to 2014. These updates not only enhance the property's appeal but also minimize
maintenance costs for the savvy investor. Currently, the owner is collecting $800 per unit per month, with tenants
responsible for their gas and electricity bills. Whether you're looking to expand your investment portfolio or start a new
venture, this property offers a solid foundation for success.
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Steam
Cooling Central Air
Fireplace No
Exterior
Parking Features Paved, Parking Lot
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 135-11-024
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Cash
Special Listing Condition Standard
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Bought with Kenisha Bey • EXP Realty, LLC.