3 Beds
1 Bath
1,008 SqFt
3 Beds
1 Bath
1,008 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,008 sqft
Price per Sqft $104
Subdivision Dippel & Pitras Resub
MLS Listing ID 5251348
Style Bungalow
Bedrooms 3
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 1,008
Year Built 1900
Annual Tax Amount $1,388
Tax Year 2025
Lot Size 3,659 Sqft
Acres 0.084
Property Sub-Type Single Family Residence
Property Description
basement, and a detached 2-car garage. Offered individually at $105,000 ONLY as part of a 3-property Investment
Portfolio Package for $315,000 total. Full Portfolio Purchases only. All 3 Properties are Strictly Included a single sale - this
equals 3 Single Family Rental Properties with tenants in place! One package asset is already CMHA subsidized, providing
guaranteed income stability. This high-performance portfolio generates a $47,724.00 Gross Annual Rent, a 6.60x GRM,
and a strong Net Operating Income (NOI) of $41,347.20. Features an efficient 13.36% Operating Expense Ratio (OER)
with a verified net lease structure where tenants pay 100% of standard utility outlays. Sold strictly AS-IS with a 0%
vacancy rate assumption. Capitalize on immediate, optimized cash flow!
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Main Level Bedrooms 3
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dryer, Range, Refrigerator, Washer
Laundry In Bathroom
Exterior
Parking Features Detached, Garage
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt,Shingle
Private Pool No
Building
Story 1
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One and One Half, One
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 132-12-094
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Nearby Locations
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