716 College Avenue, Cleveland, OH 44113

$300,000
4
BD
3
BA
3,890
SqFt

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Sold Price
$300,000
List Price
$269,900
Status
CLOSED
Days on Market
87
Closing Date
May 10, 2024
MLS#
5017474
Subtype
Residential Income
Foreclosure
Yes
Year Built
1880
Bedrooms
4
Bathrooms
3
Full Baths
3
Living Area
3,890
Acres
0.06
Subdivision
Stuart
Neighborhood
Stuart
MLS Area Major
Cleveland

Property Description

Welcome to this unique investment opportunity featuring two houses on separate lots, sold as a package. The front house is a three-unit property with distinct characteristics. The front-down unit is a former retail space transformed into a distinctive 1-bedroom apartment. With tall ceilings and an open concept, the retail area now serves as a spacious living room. The upper unit is a remodeled 2-bedroom dwelling with unique features, including a balcony and an eat-in kitchen. The third unit is a 1-bedroom efficiency with a full bath and laundry hook-ups, offering convenience. The second house, situated on a separate parcel, is configured as a 2-family residence. Both units feature 1 bedroom each on the first and second floors, while the large attic area holds potential for expansion. While the second house requires a complete rehabilitation of all systems and surfaces, this package presents an exciting investment opportunity with multiple units and distinct living spaces. Explore the potential and reimagine these properties into a valuable asset in a burgeoning real estate portfolio.

Additional Information

Taxes
$7,876
Heating
Forced Air
Air Conditioning
Central Air
Stories
2
Levels
Two
Roof
Asphalt, Fiberglass
Parking Features
Off Street, On Street
School District
Cleveland Municipal - 1809

Listing Courtesy of: Roman B Tarnawsky, roman@clevelandasset.com With Lokal Real Estate, LLC.

Selling Office: Keller Williams Greater Metropolitan.

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