2634 Colchester Road, Cleveland, OH 44106

$460,000
5
BD
3
BA
3,049
SqFt

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Sold Price
$460,000
List Price
$475,000
Status
CLOSED
Days on Market
70
Closing Date
Sep 13, 2024
MLS#
5051690
Subtype
Residential Income
Year Built
1917
Bedrooms
5
Bathrooms
3
Full Baths
3
Living Area
3,049
Acres
0.20
Subdivision
Fairmount Coventry
Neighborhood
Fairmount Coventry
MLS Area Major
Cleveland Heights

Property Description

Investors... Location, Location, Location!! Cash-flowing 3-Family on Colchester in just minutes from the Clinic's and University Hospitals' main campuses, as well as Case Western Reserve University. 1st floor features 2 beds, 1 bath + 1 sunroom. The 1st floor tenants are moving out at the end of July. This unit has just been rented for 2 years starting on August 1: rent the first year = $1700 and rent the second year = $1785. 2nd floor features 2 beds, 1 bath, and 2 sunrooms. The 3rd floor with great skylights is bright and cheery. All units have remodeled kitchens and bathrooms, CENTRAL AC and in-unit washers and dryers, making them VERY desirable. 2022 Updates/Improvements = electrical, plumbing, HVAC, HWT, kitchens. Currently, the property generates over $52K in GRI. Property will be delivered POS-compliant. Seller is also selling 2189 Rexwood (Cleveland Heights) and 1504 East 107 (Case student housing). Interior videos are available upon request.

Additional Information

Taxes
$2,853
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Heating
Forced Air
Air Conditioning
Central Air
Stories
3
Levels
Three Or More
Roof
Asphalt, Fiberglass
Parking Features
Detached, Garage
Garage Spaces
2
School District
Cleveland Hts-Univer - 1810

Listing Courtesy of: Sophie Boehlen, sophie@premierheights.com With Premier Heights Realty LLC

Selling Office: Realuxe Ohio.

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