3 months on rocket

12500 Soika Ave, Cleveland, OH, 44120

$75,000

Home List Price

$891*

Closing Credit

4 Bedrooms
2 Full Baths
1,980 SqFt
$38/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

12500 Soika Ave, Cleveland$75,000

Buyer Closing Credits

$891*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
ParkingOther
Garage2 spaces
Year Built1925
HeatingForced Air
CoolingNone
BasementYes
MLS #5010598
Lot Size0.11 Acres
StatusActive

About 12500 Soika Ave

Calling all investors! This duplex features 2 units that are vacant and rent ready and located just 4 minutes from Shaker Square! This property offers an incredible opportunity for both savvy investors and those looking for an opportunity to house hack and build their portfolio. Each unit features 2 bed, 1 bath that could be occupied for at least $850/ mo for a total of $1700/mo or $20,400/ year. Section 8 would likely offer much more! The owner is responsible for water and sewer while the tenants can pay their own electric and gas. Current taxes are just $735/year making expenses extremely low and you cash flow extremely high. Updates include new carpet, new electric panels and new gas lines. Tenants will love the location thanks to the shopping and restaurants in the shaker square and Larchmere neighborhoods nearby. There is tons of local transportation and the Cleveland Clinic is less then 15 minutes away. Great opportunity for sec 8. Home offers great value add potential; Mostly just cosmetic, but will require 1 furnace, hot water tank and the 2 car garage could use some repair. Showings are easy. Please check broker remarks.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 2
  • Living Area: 1,980 SqFt

Listing Office:

  • Office Name: Keller Williams Citywide
  • Office Phone: (216) 916-7778
  • Listing Agent: Gregory Erlanger

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Other

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: 480 West. Exit 23 on broadway. Right on E 131ST

Price Information

Listing Price Info

Price Summary:

  • List Price: $75,000
  • Price Per SqFt: $38/SqFt

Tax Information:

  • Annual Amount: $715
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Cleveland, OH.

Map thumbnail provided by MapBox

Cleveland, OH

City

Med. Sold Price

$157.2K

Med. Price/SqFt

$95

Avg. Days On Market

45

# of Sold Homes

634

12500 Soika Ave vs Cleveland

103 DAYS ON ROCKET

+58 Days

$75,000

-$82.2K Less

$38/SqFt

-$57 Less

KEY TAKEAWAY

This property is $82.2K less than the Median Sold Price and $57/SqFt less than other homes in Cleveland, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5010598

Listing Office:

  • Office Name: Keller Williams Citywide
  • Office Phone: (216) 916-7778
  • Listing Agent: Gregory Erlanger

IDXCopyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 8:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 07, 2021Home Sold
$53,500
Nov 03, 2015Home Sold
$16,216

Tax History

YEARPROP. TAXASSESSMENT
2020$715$8,090
2019$661$8,090
2018$659$8,090
2017$1,080$12,780

History based on county public records data.

Payment Calculator

$442

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$291

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1598952
3
/10

  • Phoenix Village Academy Primary 2

  • 12601 Shaker Blvd

  • 0.76 miles

  • Public Charter Grades 3-6

school-card-donut-1598953
4
/10

  • Boulevard Elementary School

  • 14900 Drexmore Rd

  • 1.08 miles

  • Public District Grades KG-4

school-card-donut-1598954
5
/10

  • Onaway Elementary School

  • 3115 Woodbury Rd

  • 1.18 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,967. Typical income of Cleveland, OH residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44120›12500 Soika Ave

This home is located at 12500 Soika Ave in Cleveland, OH and zip code 44120 in the Parkhill neighborhood. This 1,980 square foot home, which was built in 1925, sits on a 0.11 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 15, 2024 and is currently priced at $75,000.

While more than 217 listings in Cleveland, OH in March 2024 were sold above asking price, there were more than 99 listings sold at asking price, and more than 318 were sold below. Between February 2024 and March 2024, Cleveland, OH real estate market has seen increase in the number of listings by 5.3%. The median list price of listings available in March 2024 was $157,247, while the average time on the real estate market was 45 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources