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Buy a multi-family propertyat 3562 Riedham Road, Shaker Heights, OH 44120

$210,000

$0/mo

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Residential

2,778 Sq. Ft.

5,401 Sq. Ft. lot

6 Bedrooms

3 Bathrooms

558 Days on market

4417618 MLS ID

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About 3562 Riedham Road multi-family property

Well maintained, fully occupied, cash flowing duplex in Shaker Heights. Tenants are long term tenants with monthly rents of $1,100/month and $900/month. Property is sub-metered for electric and gas. Landlord only pays for water / sewer. Upper unit connects to finished third floor with two additional bedrooms and one full bathroom with ~500 additional square footage of living space not referenced in public records. Sellers are working on POS compliance, and are also open to AS IS offers where the buyer assumes responsibility for POS compliance. This low maintenance turnkey property is the perfect portfolio builder for investors who are looking to sit back and collect the rent checks. No wholesalers. Offers with assignment clauses will be rejected. See broker remarks or email broker for a video walk through of the property.
Well maintained, fully occupied, cash flowing duplex in Shaker Heights. Tenants are long term tenants with monthly rents of $1,100/month and $900/month. Property is sub-metered for electric and gas. Landlord only pays for water / sewer. Upper unit connects to finished third floor with two additional bedrooms and one full bathroom with ~500 additional square footage of living space not referenced in public records. Sellers are working on POS compliance, and are also open to AS IS offers where the buyer assumes responsibility for POS compliance. This low maintenance turnkey property is the perfect portfolio builder for investors who are looking to sit back and collect the rent checks. No wholesalers. Offers with assignment clauses will be rejected. See broker remarks or email broker for a video walk through of the property.

Property details

Bathrooms

3 full bathrooms

3 total bathrooms

Bedrooms

6 total bedrooms

House

Built in 1929

Construction materials: WoodSiding

1 building

2

2 total stories

Toal building area: 2778

Cooling

CentralAir

Exterior Features

PavedDriveway

Garage

2 garage spaces

Heating

Gas

HotWater

Steam

Laundry

CommonArea

Listing

Listing ID: 4417618

Standard status: Active

274 days on market

2 toal units

Location

Subdivision name: Vansweringen

Lot

0.124 acres

Possession

DeliveryOfDeed

Roof

Asphalt

Fiberglass

Sewer

PublicSewer

Monthly cost

Estimated monthly cost

$1,478/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$197,400

+$6,300

$203,700

Seller agent commission$6,300 (3%)*

$0 (0%)

Buyer agent commission$6,300 (3%)*

$6,300 (3%)*

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

Get $6,300 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:48 p.m.

Data updated: Jul 21, 2023 at 9:02 p.m.

Courtesy of CTM Organization LLC and C. Timothy Murphy III
Listings last updated 07/21/2023. 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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