3702 W 15th ST Pending

Cleveland,OH 44109

$ 399900

7 Beds

4 Baths

3574 SqFt


Key Details

Property Type Single Family Home

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,574 sqft

Price per Sqft $111

Subdivision Foster

MLS Listing ID 5041577

Bedrooms 7

Full Baths 4

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 3,574

Total Fin. Sqft 3574

Year Built 1910

Annual Tax Amount $6,466

Tax Year 2023

Lot Size 7,501 Sqft

Acres 0.1722

Property Description

This exceptional investment opportunity features two renovated duplexes on a single lot, providing a total of three, two-bedroom units and one 1-bedroom. Each unit comes fully furnished and equipped with modern appliances, allowing you to seamlessly continue operating it as a short and/or mid-term rental from day one. The property has consistently generated ~$100,000 in gross income annually, showcasing its profitability and high demand. Current cap rate is 10%.

Situated in a prime location, this property is conveniently close to major freeways, Downtown Cleveland, Tremont, and The Cleveland Zoo. Whether guests are in town for business or leisure, they will appreciate the easy access to popular destinations and amenities.

Don't miss out on this rare chance to own a highly lucrative short and mid-term rental property in a thriving Cleveland neighborhood. All furniture and appliances are included in the sale, ensuring a smooth transition for the new owner. Contact us today for more information or to schedule a viewing.

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Off Street

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Garage false

Private Pool No

Building

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 008-27-062

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