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1909 Coltman Road

Cleveland, OH 44106
  • $405,000
  • STATUS: Closed
  • ON SITE: 106 days
  • MLS #: 4260956
Sold - 06/17/2021
$405,000
SOLD - 06/17/2021
  • 8
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

School District:
Listing courtesy of Century 21 Homestar.
Listing information © 2021 YES-MLS.

Description

Great investment opportunity in a desirable location in Cleveland's historic Little Italy. At the end of the street, the neighborhood offers bars, restaurants, bakeries, etc. Located near University Hospitals, Cleveland Clinic, Case Western University, John Carroll University and Notre Dame College - the property is a great location for various tenants. Excellent cash flow with potential rental income of $5,175 but also can be used as a short-term rental through AirBnb/Vrbo. There are 5 total units; Unit 1 is a 1 bed/ 1 bath, Unit 2 is a 2 bed/ 1 bath, Unit 3 is a 2 bed/1 bath with a bonus room, Unit 4 is a 2 bed /1 bath and unit 5 is a 1 bed/ 1 bath that is an extension to the property. Over the last two years, the property was rehabbed with over $200k in upgrades. Interior updates include updated layouts for some of the units, updated flooring and paint, updated kitchens (granite/butcher block countertops) and updated bathrooms. Exterior updates include a roof tear-off with newer sheathing and shingles, exterior repainted, newer siding on the rear unit, siding and soffit repairs and newer windows throughout the property. Mechanic updates include updated electrical with 5 newer electrical panels and all newer furnaces with seperate meters. Rear unit has electric heat and its own energy efficient hot water tank as well. None of the utilities are shared with any other unit. The basement includes hookups for washers and dryers for extra income to increase NOI.

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Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Select Properties Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-24T13:09:13.97.
www.selectpropertiesrealty.com/homes/114904868
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1909 Coltman Road Cleveland, OH 44106

  • Price: $420,000
  • Status: Closed
  • Updated: 51 min ago
  • MLS #: 4260956
8
Beds
5
Baths
0
½ Baths
N/A
Acres
1915
Built
Neighborhood:
Cle East Of Cuyahoga River
County:
Cuyahoga
Area:
Cle East Of Cuyahoga River
School District:
Cleveland Municipal
Property Description
Great investment opportunity in a desirable location in Cleveland's historic Little Italy. At the end of the street, the neighborhood offers bars, restaurants, bakeries, etc. Located near University Hospitals, Cleveland Clinic, Case Western University, John Carroll University and Notre Dame College - the property is a great location for various tenants. Excellent cash flow with potential rental income of $5,175 but also can be used as a short-term rental through AirBnb/Vrbo. There are 5 total units; Unit 1 is a 1 bed/ 1 bath, Unit 2 is a 2 bed/ 1 bath, Unit 3 is a 2 bed/1 bath with a bonus room, Unit 4 is a 2 bed /1 bath and unit 5 is a 1 bed/ 1 bath that is an extension to the property. Over the last two years, the property was rehabbed with over $200k in upgrades. Interior updates include updated layouts for some of the units, updated flooring and paint, updated kitchens (granite/butcher block countertops) and updated bathrooms. Exterior updates include a roof tear-off with newer sheathing and shingles, exterior repainted, newer siding on the rear unit, siding and soffit repairs and newer windows throughout the property. Mechanic updates include updated electrical with 5 newer electrical panels and all newer furnaces with seperate meters. Rear unit has electric heat and its own energy efficient hot water tank as well. None of the utilities are shared with any other unit. The basement includes hookups for washers and dryers for extra income to increase NOI.
Exterior Features

Construction Materials Aluminum Siding Exterior Features Paved Driveway Garage YN No Roof AsphaltFiberglass

Interior Features

Basement YN Yes Building Area Total 0 Cooling Window Unit(S) Cooling YN Yes Heating Forced AirGas Heating YN Yes

Property Features

Buyer Financing Cash Home Warranty YN No Number Of Units In Community 4 Property Sub Type Quadruplex Sewer Private Sewer Tax Annual Amount 10461 Water Source Public Year Built Details Actual Ybt

Listing information © 2021 YES-MLS.
Listing provided courtesy of Century 21 Homestar.
Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Select Properties Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-24T13:09:13.97.
 
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Select Properties Realty
116 Putnam Street
Marietta OH, 45750
Listing courtesy of Century 21 Homestar.
Listing information © 2021 YES-MLS.