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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