Joseph Luckino

Broker | License ID: C2015005262

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$ 320,500

$ 319,000 0.5%

Est. payment -/mo

Sold on 12/27/2024

3559 Latimore RD Shaker Heights, OH 44122

5 Beds

3 Baths

6,298 Sqft Lot

UPDATED:

Key Details

Sold Price $320,500

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Subdivision Vansweringen

MLS Listing ID 5082938

Sold Date 12/27/24

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1928

Annual Tax Amount $7,990

Tax Year 2023

Lot Size 6,298 Sqft

Acres 0.1446

Property Description

Rare opportunity to own a 3 unit income property perfectly located just minutes away from the Van Aken District and some of the east side's best employment an entertainment! Perfect house-hack for an owner occupant to live in one unit and have tenants pay the majority of their mortgage! Or all three units can be leased and should easily bring in #3,300 per month as is! Further updating can be done to fetch premium rents as updated 2 bed units in the neighborhood go for $1,400-$1,600! New development is happening just down the road and this property is poised to be a fantastic long term investment for the savvy investor or owner occupant. There have been a number of updates from current ownership including quartz countertops in the lower unit, refinished hardwoods, vinyl plank flooring, new bathroom vanities and light fixtures, full exterior paint job, new AC unit, new HWT, new washer and dryer, and much more! The basement is clean and dry and recently purchased a new washer and dryer. The top floor apartment is currently leased to a month to month tenant at $500 per month. As is, this can be raised to $700. There are 3 garage spots currently not being charged for but could be to produce additional income. Roof has significant life left on it and solid mechanicals! At full price, seller is offering $4,000 towards buyer's closing costs as well as a home warranty. PROPERTY WILL BE POS COMPLIANT.

Location

State OH

County Cuyahoga

Rooms

Basement Concrete

Interior

Heating Forced Air

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Exterior

Exterior Feature Balcony

Parking Features Detached, Garage

Garage Spaces 3.0

Garage Description 3.0

Water Access Desc Public

Roof Type Asphalt

Porch Balcony

Private Pool No

Building

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Shaker Heights Csd - 1827

Others

Tax ID 736-20-101

Financing FHA

Listed by Michael Orlando • Key Realty • mjorlando1994@gmail.com 216-956-1884
Bought with Mark A McGuire • Parkview Realty Group Ltd

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Joseph Luckino

Broker | License ID: C2015005262

+1(740) 632-9111

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3559 Latimore RD Shaker Heights, OH 44122

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3559 Latimore RD