3233 W 56th ST Pending Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44102
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,968 sqft
Price per Sqft $50
Subdivision Hoyt
MLS Listing ID 5054194
Bedrooms 6
Full Baths 4
Construction Status Fixer
HOA Y/N No
Abv Grd Liv Area 2,968
Year Built 1900
Annual Tax Amount $1,828
Tax Year 2023
Lot Size 5,009 Sqft
Acres 0.115
Property Description
Calling all investors and flippers! This four-unit property on Cleveland's coveted West Side presents an extremely rare value-add opportunity with a projected gross annual rent of over $42,000 per year! The building is completely vacant due to a recent fire affecting primarily the upstairs unit, while the other three units sustained minimal damage. The fire-damaged unit will need a full renovation, but the other three units require only minor updates to become rent-ready for strong tenants. The property has two 2-bedroom 1-bath units, one 1-bedroom 1-bath unit, and one studio apartment. The property has updated electrical, good furnaces and newer and separate water heaters! Don't miss this chance to capitalize on a true value-add investment in a prime Cleveland location! Professional Management currently in place & is available moving forward with multiple pricing packages (inquire for more info) They have managed it since 2018.
Location
State OH
County Cuyahoga
Rooms
Basement Partial,Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Garage On Street
Waterfront No
Water Access Desc Public
Roof Type Composition
Parking Type On Street
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Fixer
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 016-10-053
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard