12500 Soika AVE Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44120
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,929 sqft
Price per Sqft $40
Subdivision Parkhill Sub 2
MLS Listing ID 5058560
Bedrooms 4
Full Baths 2
Year Built 1925
Annual Tax Amount $735
Tax Year 2023
Lot Size 4,878 Sqft
Property Description
TONS OF NEW UPDATES!! This duplex was recently taken off market so the sellers could make serious improvements that included adding a new hot water tank and new furnace, the basement was cleaned, waterproofed using dry lock and the electrical was also improved. The front porch got a new roof and the exterior was painted. Both units are vacant and offer you the opportunity to place a tenant of your choosing. Each unit features 2 bed, 1 bath that could be occupied for at least $850/ mo for a total of $1700/mo or $20,400/ year with section 8 likely offering much more. Tenants pay their own gas and electric. Current taxes are just $735/year making expenses extremely low and you cash flow extremely high. Previous updates include new carpet in the units and new gas lines.
It is located just 4 minutes from Shaker Square! Tenants will love the location thanks to the shopping and restaurants in the shaker square and Larchmere neighborhoods nearby. Local transportation is plentiful in this area and the Cleveland Clinic is less then 15 minutes away. Great opportunity for sec 8 and/or to house hack. Showings are easy. *Please read showing notes for access* If you saw if before, its worth seeing again!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Exterior
Garage Other
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Roof Type Asphalt,Shingle
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash,Conventional,1031 Exchange,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,VA Loan