$24,000
$29,900
19.7%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3 Baths
1,818 SqFt
SOLD DATE : 05/02/2025
Key Details
Sold Price $24,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,818 sqft
Price per Sqft $13
Subdivision Knight Richardson & Moores Su
MLS Listing ID 5104097
Sold Date 05/02/25
Bedrooms 6
Full Baths 3
Construction Status Fixer
HOA Y/N No
Abv Grd Liv Area 1,818
Year Built 1910
Annual Tax Amount $1,876
Tax Year 2024
Lot Size 3,711 Sqft
Acres 0.0852
Property Sub-Type Duplex
Property Description
Investor Special! This Cleveland duplex is a prime opportunity for a fix and flip or BRRRR deal to add to your portfolio. Currently condemned by the City of Cleveland (see attached supplements for details), this property needs a full renovation and offers excellent cash-flow potential. The upstairs unit features 2 bedrooms and 1 bath with a finished attic that has an additional 2 bedrooms and 1 bath so could be a third unit or combined with the second floor to be a 4 bed 2 bath unit. The downstairs unit is a 2 bed 1 bath. Section 8 rents exceed $1,000 per unit for each 2 bedroom which comes out to about $36,000 per year in annual gross income! This opportunity is perfect for seasoned investors looking for a high-ROI project—don't miss out on this value-add opportunity! *Note - Auditor's website states that there are 4 bedrooms and 2 bathrooms but the owner states that there are 6 bedrooms and 3 bathrooms.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Common, Driveway
Water Access Desc Public
Roof Type Asphalt,Shingle
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Fixer
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 109-22-076
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Financing Cash
Special Listing Condition Standard
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Bought with Christopher A Frederick • Coldwell Banker Schmidt Realty