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Sold for $535,000
  • $535,000

    2434 Overlook Rd, Cleveland Heights, OH 44106

    6beds
    3,544sqft
    Quadruplex, Multi Family
    Built in 1916
    -- sqft lot
    $558,800 Zestimate®
    $151/sqft
    $2,224 Estimated rent

    Home value

    $558,800

    $520,000 - $604,000

    $2,224/mo

    Zestimate® history
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    What's special

    4-unit investment opportunity now available in the most prime location bordering Little Italy and Coventry in Cleveland Heights! Nestled mere moments from Cleveland Clinic and Case Western Reserve, this 4-unit property boasts unbeatable convenience to bars, restaurants, and all the area has to offer. Currently fully occupied, it generates $6,500 in monthly rent. The expansive layout includes (2) 1-bed, 1-bath units on the first floor and (2) 2-bed, 2-bath units spanning the upper floors. Tenants enjoy modern amenities such as in-suite laundry in the 2-bed units and private basement access with laundry for the 1-bed/1-bath units. Each unit features individual furnaces and hot water tanks, with the owner billing back for water/sewer and trash. Recent updates include tiled bathrooms, newer cabinets, stone countertops, and more. With a purchase yielding over a 9% cap rate in one of Cleveland's hottest sub-markets, this property promises both immediate returns and long-term potential. Plus, benefit from newer mechanicals, updated electrical and plumbing, stainless steel appliances, and other thoughtful enhancements. Don't miss out on this exceptional investment opportunity! The county auditor's website states that there are 3 units, 4 bedrooms and 3.5 baths but the owner states that there are 4 units, 6 bedrooms and 6 bathrooms.

    Zillow last checked: 8 hours ago

    Listing updated: June 10, 2024 at 08:44am

    Listing Provided by:

    Tal Tamir tal@premierclevelandinvesting.com216-870-8687,

    Russell Real Estate Services

    Bought with:

    Bonnie A Barry, 2012002546

    Neighborhood Partners, LLC.

    Source: MLS Now,MLS#: 5031947MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Forced Air, Gas
    Cooling
    • Central Air
    Features
    • Basement: Full
    Interior area
    • Total structure area: 3,544
    • Total interior livable area: 3,544 sqft
    • Finished area above ground: 3,544

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached, Garage
    • Garage spaces: 3
    Features
    • Levels: Three Or More
    Lot
    • Size: 0.42 Acres
    Details
    • Parcel number: 68504014
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Aluminum Siding, Vinyl Siding
    • Roof: Asphalt,Fiberglass
    Condition
    • Updated/Remodeled
    • Year built: 1916

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Cleveland Heights
    • Subdivision: Euclid Heights Allotment

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange

    Price history

    DateEventPrice
    9/13/2024Listing removed$1,350
    Source: Zillow Rentals Report a problem
    8/19/2024Listed for rent$1,350
    Source: Zillow Rentals Report a problem
    6/7/2024Sold$535,000+9.2%$151/sqft
    Source: MLS Now #5031947 Report a problem
    4/29/2024Pending sale$489,900$138/sqft
    Source: MLS Now #5031947 Report a problem
    4/20/2024Listed for sale$489,900+127%$138/sqft
    Source: MLS Now #5031947 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$11,657 +3%$136,820 +31.9%
    2023$11,314 +0.5%$103,740
    2022$11,257 +2%$103,740

    Find assessor info on the county website

    Neighborhood: 44106

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Cleveland Hts-Univer - 1810

    Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $558,800
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    With Zillow Showcase(estimated)$569,976