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#: 5031947
Originating 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
| Date | Event | Price |
|---|---|---|
| 9/13/2024 | Listing removed | $1,350 |
Source: Zillow Rentals Report a problem | ||
| 8/19/2024 | Listed for rent | $1,350 |
Source: Zillow Rentals Report a problem | ||
| 6/7/2024 | Sold | $535,000+9.2%$151/sqft |
Source: | ||
| 4/29/2024 | Pending sale | $489,900$138/sqft |
Source: | ||
| 4/20/2024 | Listed for sale | $489,900+127%$138/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
- 5/10Roxboro Elementary SchoolGrades: K-5Distance: 1 mi
- 6/10Roxboro Middle SchoolGrades: 6-8Distance: 0.9 mi
- 6/10Cleveland Heights High SchoolGrades: 9-12Distance: 1.6 mi
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



