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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Owner options
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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#: 5052011
Originating 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
| Date | Event | Price |
|---|---|---|
| 8/19/2024 | Pending sale | $245,000+5.6%$65/sqft |
Source: | ||
| 8/14/2024 | Sold | $232,000-5.3%$61/sqft |
Source: | ||
| 7/17/2024 | Contingent | $245,000$65/sqft |
Source: | ||
| 7/7/2024 | Listed for sale | $245,000+44.1%$65/sqft |
Source: | ||
| 12/29/2022 | Sold | $170,000-12.3%$45/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: St. Claire-Superior
Nearby schools
GreatSchools rating
- 3/10Wade ParkGrades: PK-8Distance: 0.6 mi
- 4/10Design Lab @ Jane AddamsGrades: 9,11-12Distance: 1.6 mi
- 4/10Willson SchoolGrades: PK-8Distance: 0.7 mi
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


