Address
4301 Archwood Avenue, Cleveland, OH
Price
$ 350,000
Property Attributes
  • MLS#5008281
  • TypePending
  • CountyCUYAHOGA
  • CityCleveland
  • NeighborhoodBateman & Ingham Allotment
  • Zip44109
  • Style
  • Year Built1910
  • Taxes$ 4407
  • Price$ 350,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage6400
  • Lot Size11,103 SqFt
Data Source:
MLSNow
Property Description

Welcome to an exceptional investment opportunity in the heart of Cleveland, Ohio! This fully occupied four-unit Lead Safe Certified building is a cash-producing gem that promises immediate returns on your investment. Boasting a prime location, private parking, and state-of-the-art mechanicals, this turnkey property is a savvy investor's dream. Key Features: Fully Occupied: This four-unit building is currently fully occupied, ensuring a steady stream of income from day one. Take advantage of a stable tenant base and start reaping the rewards of your investment immediately. Private Parking: Convenience meets value with private parking available on-site. Your tenants will appreciate the ease of parking, enhancing the overall appeal of the property. Newer Mechanicals: Enjoy peace of mind with all-new mechanical systems. The building is equipped with the latest in HVAC, plumbing, and electrical systems, minimizing maintenance costs and ensuring a hassle-free ownership experience. Turnkey Investment: This property is turnkey, meaning it's ready for you to step in and start generating income. With all the essentials in place, you can focus on maximizing returns without the headaches of extensive renovations. Cash Flow: With a fully occupied building, private parking, and updated mechanicals, this property is a cash cow. Capitalize on the robust rental market in Cleveland and watch your investment grow. Updated and Upgraded: Reach out for a comprehensive list of recent updates and upgrades to the building. From interior enhancements to exterior improvements, this property has been meticulously maintained to meet the highest standards. Don't miss out on this prime opportunity to add a cash-producing, fully occupied four-unit building to your investment portfolio. Contact us today for a comprehensive list of Upgrades and Updates and Rent Rolls. Act fast, as properties like these are in high demand in the thriving Cleveland real estate market!

Price History
12/24/2023 Listed $350,000

General Features

Sewer PublicSewer
Heating ForcedAir
Cooling None
Possession Other
Roof Flat
Exterior Features Awnings,Balcony,Courtyard,PrivateEntrance
Patio/Porch Features Balcony
Security Features SmokeDetectors
Construction Materials Brick,Stone
Year Built 1910
Tenant Pays Electricity,Gas
Stories 2
Township Cleveland
Levels Two
Property SubType Quadruplex
Tax Year 2022
Gross Income 42900.0
OwnerPays Sewer,Water
County Cuyahoga
Operating Expense 4500.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Subdivision Name Bateman & Ingham Allotment
Garage Y/N No
Status Pending
Directions West of Fulton,East of Pearl
City Cleveland
View Y/N No
Senior Community Y/N No
High School District Cleveland Municipal - 1809
Waterfront Y/N No
Carport Y/N No
Street Name Archwood
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 4407.0
Home Warranty Y/N No
Property Condition UpdatedRemodeled
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 4
Standard Status Pending
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Property Sub Type Additional Quadruplex
MobileHomeRemainsYN No

Interior Features

Basement Full,WalkOutAccess
Basement (Y/N) Yes
Air Conditioning Y/N No
Heating Y/N Yes
Window Features ENERGYSTARQualifiedWindows,InsulatedWindows,Screens,WoodFrames
Fireplace Y/N No
Above Grade Finished Area 4800.0
Full Baths 4
Street Suffix Avenue
Laundry Features Inside,InUnit
Total Bedrooms 8
Below Grade Finished Area 1600.0
Electric On Property Y/N No
Below Grade Finished Area Source Owner
Above Grade Finished Area Source Owner
Total Baths 4
Living Area Units SquareFeet

Exterior Features

Fencing BackYard
Parking Features Asphalt,Common,Paved
Water Source Public
Lot Size Area 0.2549
Number of Buildings 1
Spa No
Lot Size Acres 0.2549
Lot Size Units Acres
Lot Size Source Assessor
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 44109

Price
AVG $150K
$350K
Taxes
AVG $2,486
$4,407
Visits
AVG 89
93
Data Provided by Inside Real Estate®
Year Built
AVG 1917
1910