Contingent
1498 E 118th Street
Cleveland OH, 44106
$444,000
$123.75 per sqft
Contingent
8 Beds
2 Baths
3,588 sqft
Multi-family
Built in 1910
Welcome to this completely renovated multi-family colonial located in the booming neighborhood of University Circle. With just 5 minutes from Case Western Reserve, Cleveland Clinic, UH Hospital, Cleveland Musuem of Art, Cleveland History Musuem, and various attractions, the location speaks for itself! This property features two units that hold 4 bedrooms and two full bathrooms each, giving the property a total of 8 bedrooms and 4 bathrooms. The units are designed to rent by the room. Each room is marked with a number to avoid any confusion and equip with a lockbox outside every door to give tenants the utmost privacy. The property is fully occupied bringing in $4,700 a month. Both units mirror one another and are identical. On the top floor you will find a secluded bedroom and bathroom that is being rented at $650 a month. On the second floor you will find three more bedrooms, and another full bathroom. The larger of the three rooms are being rented at $600 a month, and the two smaller are $550 a month. Both occupied rooms are on short term leases. The property has been completely renovated with brand new windows, roof, electrical, mechanicals, and plumbing. Property will also be sold fully furnished! Property is tax abated for the next 15 years!
5020284
MLSⓇ ID
February 28, 2024
Listed
May 9, 2024
Updated
Map
1498 E 118th Street
Cleveland OH, 44106
Interior Features
Total Stories
3
Bedrooms
8
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Open Floorplan, Recessed Lighting
Appliances
Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Laundry Description
In Basement
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s)
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.08 Acres
Roof
Shingle
Sewer
Public Sewer
School Information
School District
Cleveland Municipal - 1809
Other Property Details
Taxes
$790
Tax Frequency
Annually
Days on Market
62
Garage
No
Parking
Additional Parking, Gravel, Off Street, On Street
View
No
County
Cuyahoga
Municipality
Cleveland
Water Source
Public
Pool
No
Buyer Agency Compensation
2.25%
Listing History
Date | Event | Price |
---|---|---|
5/1/2024 | Under Contract | — |
4/6/2024 | Price Change | $444,000 -2% |
3/27/2024 | Active | — |
3/21/2024 | Under Contract | — |
3/20/2024 | Pending | — |
Courtesy of Premier Heights Realty LLC
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor CPD Homes, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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