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Sold for $232,000 on 08/14/24
  • $232,000

    1187 Addison Rd, Cleveland, OH 44103

    8beds
    3,789sqft
    Quadruplex, Multi Family
    Built in 1900
    -- sqft lot
    $247,600 Zestimate®
    $61/sqft
    $1,184 Estimated rent

    Home value

    $247,600

    $225,000 - $272,000

    $1,184/mo

    Zestimate® history
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    $1,184/mo

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    $1,356/mo

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    $1,356/mo

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    What's special

    Discover an exceptional investment opportunity with this well-maintained 4-unit property, perfect for both experienced investors and first-time buyers. Located in a vibrant Cleveland neighborhood, this property is surrounded by amenities that will appeal to tenants and owners alike. The unit passed FHA inspection a year and a half ago, ensuring top-notch quality and safety. The yearly revenues could be $46,104 with full occupancy. Potential buyers can live rent-free in the unoccupied unit while generating income from the other three units. There is an opportunity to increase rents, enhancing your return on investment. The roof was repaired within the last two years. The foundation is completely dry, a rare and valuable feature in this area. As well as all other major components being in working condition. This property is also section 8 approved. The property has easy access to shopping, dining and entertainment. There are nearby parks that offer green spaces for outdoor activities. Also close to public transportation which makes it convenient for commuting. Don't miss out on this prime investment property that offers both immediate income and future growth potential. Schedule your viewing today and explore the endless possibilities this property has to offer!

    Zillow last checked: 8 hours ago

    Listing updated: August 19, 2024 at 10:22am

    Listing Provided by:

    Alphadetta Briscoe a.briscoe@kw.com216-533-4307,

    Keller Williams Greater Metropolitan

    Bought with:

    Edith P Ross, 2017001122

    Russell Real Estate Services

    Source: MLS Now,MLS#: 5052011MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air
    Cooling
    • Ceiling Fan(s)
    Features
    • Basement: Concrete
    Interior area
    • Total structure area: 3,789
    • Total interior livable area: 3,789 sqft
    • Finished area above ground: 3,789

    Property

    Parking
    • Parking features: Driveway, On Street
    Features
    • Levels: Three Or More
    • Stories: 3
    Lot
    • Size: 7,400 sqft
    Details
    • Parcel number: 10525111
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Aluminum Siding
    • Roof: Flat
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Cleveland
    • Subdivision: W H G J & E Heckers Sub

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA

    Price history

    DateEventPrice
    8/19/2024Pending sale$245,000+5.6%$65/sqft
    Source: MLS Now #5052011
    8/14/2024Sold$232,000-5.3%$61/sqft
    Source: MLS Now #5052011
    7/17/2024Contingent$245,000$65/sqft
    Source: MLS Now #5052011
    7/7/2024Listed for sale$245,000+44.1%$65/sqft
    Source: MLS Now #5052011
    12/29/2022Sold$170,000-12.3%$45/sqft
    Source: MLS Now #4386930

    Public tax history

    Tax history is unavailable.

    Neighborhood: St. Claire-Superior

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Cleveland Municipal - 1809

    Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value

    $247,600

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $247,600