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  • $250,000

    3556 E 116th St, Cleveland, OH 44105

    8beds
    3,072sqft
    Quadruplex, Multi Family
    Built in 1963
    -- sqft lot
    $237,600 Zestimate®
    $81/sqft
    $935 Estimated rent

    Home value

    $237,600

    $204,000 - $273,000

    $935/mo

    Zestimate® history
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    $935/mo

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    $1,852/mo

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    $1,852/mo

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    What's special

    Paved parking lot
    Welcome to your gateway to an exceptional investment opportunity! This four-unit apartment building is a smart investment with significant income potential featuring 4 units, each offering 2 bedrooms and 1 bath. Upgrades include a new roof installed in 2023, a six-year-old A/C system, and a sprinkler system that helps keep the landscaping. There is also a paved parking lot dating back to 2014. These updates not only enhance the property's appeal but also minimize maintenance costs for the savvy investor. Currently, the owner is collecting $800 per unit per month, with tenants responsible for their gas and electricity bills. Whether you’re looking to expand your investment portfolio or start a new venture, this property offers a solid foundation for success.

    Zillow last checked:

    Listing updated:

    Listed by:

    Art Obleton Jr. artobletonjr@gmail.com216-482-9035,

    EXP Realty, LLC.

    Bought with:

    Kenisha Bey, 2023006502

    EXP Realty, LLC.

    Source: MLS Now,MLS#: 5018711MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Hot Water, Steam
    Cooling
    • Central Air
    Features
    • Has basement: No
    Interior area
    • Total structure area: 3,072
    • Total interior livable area: 3,072 sqft
    • Finished area above ground: 3,072

    Property

    Parking
    • Parking features: Paved, Parking Lot
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 5,998 Square Feet
    Details
    • Parcel number: 13511024
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Brick
    • Roof: Asphalt,Fiberglass
    Condition
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Charles Corlett
    Location
    • Region: Cleveland

    Financial & listing details

    • Price per square foot: $81/sqft
    • Annual tax amount: $1,007
    • Date on market: 2/20/2024
    • Cumulative days on market: 4 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    3/9/2024Sold$250,000$81/sqft
    Source: MLS Now #5018711 Report a problem
    2/20/2024Pending sale$250,000$81/sqft
    Source: MLS Now #5018711 Report a problem
    2/20/2024Listed for sale$250,000$81/sqft
    Source: MLS Now #5018711 Report a problem
    2/19/2024Listing removed--
    Source: MLS Now #5017724 Report a problem
    2/16/2024Listed for sale$250,000$81/sqft
    Source: MLS Now #5017724 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Mt Pleasant

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Cleveland Municipal - 1809

    Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $237,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $237,600