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1548 E 49th ST Cleveland, OH 44103
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Key Details
Sold Price $37,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,616 sqft
Price per Sqft $14
Subdivision Alexander Mcintoshs
MLS Listing ID 4236278
Sold Date 03/15/21
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,726
Year Built 1900
Annual Tax Amount $484
Lot Size 3,968 Sqft
Acres 0.0911
Property Sub-Type Duplex
Property Description
Near downtown/Near the Lake. HIGH CAP RATE AND GREAT ROI investment opportunity in the highly desirable SUPERIOR-PAYNE area of Cleveland where recent sales of single-unit condos have topped $150,000. Uniquely styled up & down two-family home. Each unit has a separate front/back entrances, 2 bedrooms/1 baths, living room, dining room, and kitchen.
The property has a potential cash flow of $21,000.00+ per year. Taxes are $484 PER YEAR! Needed repairs estimated at $6,000 but priced right w/ loads of potential. Located on the public transportation line (highly attractive to tenants) and is less than a mile from University Circle. This area is well-known for attracting graduate and medical school students as tenants. The cash flow, location, low taxes, and rising property values in this area make this a can't miss investment opportunity!
Location
State OH
County Cuyahoga
Community Medical Service, Park
Direction East
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features No Garage, Paved
Fence Chain Link
Community Features Medical Service, Park
View Y/N Yes
Water Access Desc Public
View City
Roof Type Flat
Building
Lot Description City Lot
Faces East
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 104-24-082
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Rondell Ervin • Keller Williams Living