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3724 E 140th ST Cleveland, OH 44120
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Key Details
Sold Price $14,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Bartlett
MLS Listing ID 4295782
Sold Date 09/03/21
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1916
Annual Tax Amount $1,652
Lot Size 5,680 Sqft
Acres 0.1304
Property Description
Cash flow $2000+ per month with SECTION 8 GUARANTEED RENTS! Great investment opportunity on the Cleveland/Shaker Heights border! Local housing authority is currently paying $1017.00 for 2-bedroom units in this zip code to offer greater and more competitive housing opportunities to its voucher holders and landlords. Google "Shaker Heights" to learn more about this historic suburb and why this is a HOT area to invest! Buyers MUST AGREE to have the property renovated within 365 days of purchase. **Rents provided were based on proposed Section 8-approved rents. Property is currently vacant which is PERFECT to get your construction crew going ASAP!
PLEASE READ: Property is being sold via a community development program that transfers vacant homes to investors who are willing to purchase the property AND assume back taxes. Taxes are $26725.75 and are eligible for a forty eight-month payment plan at $556.79 per month. THERE IS ZERO INTEREST!
The plan will be set up by an escrow agent a
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry Common Area
Exterior
Garage Detached, Garage, Paved
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 137-19-019
Financing Cash
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Bought with Stephanie A Gates • DreamTeam Realty, Inc.