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ActiveUnderContract

Buy a multi-family propertyat 10304 Shale Avenue, Cleveland, OH 44104

$220,000

$235,000 (-6.38%)

$0/mo

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Residential

3,424 Sq. Ft.

6,298 Sq. Ft. lot

8 Bedrooms

4 Bathrooms

367 Days on market

4457370 MLS ID

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About 10304 Shale Avenue multi-family property

Investors looking for cash-flowing properties check out this 4-unit!! This property offers 2 duplexes on one property. This 4-unit has only one vacancy at the moment, which is being made rent-ready for an Eden voucher of $800. When fully occupied, it will generate over $2800 each month, or approximately $34K annually. So, whether you are using the 1% Rule or want to achieve a 10-CAP, this property is a great investment possibility! Currently, 3 units are occupied and the 4th is getting minor repairs prior to being rented. The sewer line from the rear property to the front has recently been replaced. Property management is in place and could be continued so that all you need to do is collect $. This property can be (not necessary though) purchased along with two other properties: 1174 E 114 (3 units) and 6721 Edna (2 units).
Investors looking for cash-flowing properties check out this 4-unit!! This property offers 2 duplexes on one property. This 4-unit has only one vacancy at the moment, which is being made rent-ready for an Eden voucher of $800. When fully occupied, it will generate over $2800 each month, or approximately $34K annually. So, whether you are using the 1% Rule or want to achieve a 10-CAP, this property is a great investment possibility! Currently, 3 units are occupied and the 4th is getting minor repairs prior to being rented. The sewer line from the rear property to the front has recently been replaced. Property management is in place and could be continued so that all you need to do is collect $. This property can be (not necessary though) purchased along with two other properties: 1174 E 114 (3 units) and 6721 Edna (2 units).

Property details

Bathrooms

4 full bathrooms

4 total bathrooms

Bedrooms

8 total bedrooms

Building

Built in 1900

Construction materials: Cedar

2 buildings

2

2 total stories

Toal building area: 3424

Exterior Features

PavedDriveway

Heating

ForcedAir

Gas

Income

Gross income: $34,000

Laundry

None

Listing

Listing ID: 4457370

Standard status: ActiveUnderContract

92 days on market

4 toal units

Location

Subdivision name: Bigelow

Lot

0.1446 acres

Possession

DeliveryOfDeed

Roof

Asphalt

Fiberglass

Sewer

PublicSewer

Monthly cost

Estimated monthly cost

$1,549/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$206,800

+$6,600

$213,400

Seller agent commission$6,600 (3%)*

$0 (0%)

Buyer agent commission$6,600 (3%)*

$6,600 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $6,600 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: May 10, 2024 at 6:09 a.m.

Data updated: Aug 8, 2023 at 12:03 p.m.

Courtesy of Keller Williams Greater Metropolitan and Sophie Boehlen
Listings last updated 08/08/2023. Some properties which appear for sale on this website may subsequently have sold and may no longer be available.
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 222 W Merchandise Mart Plaza #1212, Chicago, IL 60654 are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker(s). Information is deemed reliable but not guaranteed.
Listing Information © 2024 Yes-MLS, Inc. All rights reserved.

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