Cleveland, OH 44102,3186 W 52nd ST
Cleveland, OH 44102,3186 W 52nd ST
Cleveland, OH 44102,3186 W 52nd ST
23
$190,000
$214,900
11.6%
Est.Price: ?

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8 BD
4 BA
4,413 SqFt

3186 W 52nd ST Cleveland, OH 44102

Est. payment /mo
SOLD DATE : 10/23/2024

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Key Details

Sold Price $190,000

Property Type Single Family Home, Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,413 sqft

Price per Sqft $43

Subdivision James M Hoyts Sub

MLS Listing ID 5058233

Bedrooms 8

Full Baths 4

Year Built 1900

Annual Tax Amount $4,614

Tax Year 2023

Lot Size 4,573 Sqft

Property Description

Unlock a lucrative investment opportunity with this prime 4-unit property on Cleveland?s sought-after west side! This well-maintained building boasts two currently occupied Section 8 units, with one leasing for $650/month through February 2025, the second unit rented for $775 on an annual lease expiring 7/31/2025 and another at $800/month on a month-to-month basis. The remaining unit is in the leasing process and is being marketed for $950/month, with potential for $1,000/month following minor cosmetic updates. The property features four 2-bedroom, 1-bathroom units and offers a potential strong return with a nearly 14% cap rate and over 20% cash-on-cash return. Tenants cover their own electricity and gas, while the owner is responsible for water and sewer, making this an attractive, high-yield investment with minimal management demands.

Location

State OH

County Cuyahoga

Interior

Heating Forced Air

Cooling None

Exterior

Parking Features On Street

Roof Type Composition

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

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Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687
Bought with Tal Tamir • Russell Real Estate Services

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Bob Jackson

Agent | License ID: 2012001434,WV0028109

+1(304) 280-1242

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