Cleveland, OH 44111,3843 Brookside BLVD
$85,000
$91,500
7.1%
Est.Price: ?

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2 BD
1 BA
4,599 Sqft Lot

3843 Brookside BLVD Cleveland, OH 44111

Est. payment /mo
SOLD DATE : 06/10/2024

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Key Details

Sold Price $85,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Subdivision Liberty Sub #2

MLS Listing ID 4507653

Style Ranch

Bedrooms 2

Full Baths 1

Year Built 1948

Annual Tax Amount $1,549

Tax Year 2022

Lot Size 4,599 Sqft

Property Description

Turnkey rental property just west of W. 130th. Offered as part of a portfolio sale, 6 single-family residential properties. Each of which are or have been approved by Section 8 housing. The portfolio, if rented at market rents can gross over $7,000/mo. and is listed for $651,000, approximately 9.1% Cap Rate at list price. This well-maintained 2 bed 1 bath home has an estimated market rent of $1,050/mo. This property is currently being rented via CMHA for $850/mo. on a month-to-month lease with the owner paying for water/sewer - there is much room for rent to be increased and the owner was planning on filing for a rent increase with CMHA at the beginning of next year. Windows have been recently updated - very easy to maintain. Conveniently located near freeways, shopping, Cleveland Clinic, and just minutes to the airport and Downtown Cleveland. This home along with the portfolio is self-managed by the owner and family. MLS #s 5005577, 4507649, 4507651, 4507652, 4507653, 4507654 are all included in this portfolio. Call your agent to inquire about details, other properties in the portfolio, and the attached pro-forma analyses. Showings are allowed only once an offer has been accepted due to tenant-occupancy.

Location

State OH

County Cuyahoga

Interior

Heating Forced Air, Gas

Cooling None

Exterior

Parking Features Concrete, Detached, Garage

Garage Spaces 1.0

Garage Description 1.0

Roof Type Asphalt,Fiberglass

Building

Foundation Slab

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

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Listed by Kevin Ramsammy • EXP Realty, LLC. • kevin.ramsammy@exprealty.com 440-305-3104
Bought with Brett A Young • Fathom Realty

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agent

Marrissa Crooks

License ID: 2016004005

+1(740) 238-1662

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