Check out this 5 bedroom duplex in the heart of Cleveland that far surpasses the 1% rule with current total rents at $1800 per month. This property had many updates completed and is ready for the next owner to take over a cashflowing asset. Some of those updates include: Two new hot water tanks, Newer roof, New furnaces, and New Gutters. In addition to most of the larger-ticket items being taken care of, the seller also already cosmetically improved all units for the next owner to be able to maximize their returns with proforma monthly rents through section 8 at $2370 total per month. Appliances are landlord owned and transfer with the sale. The county auditor's website states that there are 4 bedrooms but the owner states that there are 5 bedrooms. A current living room in the bottom unit could easily be converted into another bedroom in order to maximize returns and turn this into a 6 bed duplex!
Property Details
Property Features
Property Information:
Year Built: 1895
Living Area: 2,142 SqFt
Listing Office:
Office Name: Russell Real Estate Services
Office Phone: (216) 870-8687
Listing Agent: Tal Tamir
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Attached Garage: No
Parking: None
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Cooling: None
Other
Directions Information:
Directions: North of I90
Price Information
Listing Price Info
Price Summary:
List Price: $155,000
Price Per SqFt: $72/SqFt
Tax Information:
Annual Amount: $1,082
Tax Year: 2020
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.
This property is $2.3K less than the Median Sold Price and $23/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: #5032002
Listing Office:
Office Name: Russell Real Estate Services
Office Phone: (216) 870-8687
Listing Agent: Tal Tamir
Copyright 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: 5/2/2024, 6:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$1,082
$12,250
2019
$1,002
$12,250
2018
$1,206
$15,020
2017
$1,192
$14,320
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$841
Per Month
Principal & Interest
$774
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$531
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Louisa May Alcott Elementary School
10308 Baltic Rd
Distance between this listing and this school0.78 miles
Public District Grades KG-5
4
/10
Constellation Schools: Stockyard Community Elementary School
3200 W 65th St
Distance between this listing and this school1.03 miles
Public Charter Grades KG-6
7
/10
Harrison Elementary School
2080 Quail St
Distance between this listing and this school1.46 miles
Public District Grades PK-5
Nearby Schools
3
/10
Constellation Schools: Madison Community Elementary School
2015 W 95th St
Distance between this listing and this school0.28 miles
Public Charter Grades KG-8
4
/10
Marion C Seltzer Elementary School
1468 W 98th St
Distance between this listing and this school0.38 miles
Public District Grades PK-8
4
/10
Orchard School
7901 Halle Ave
Distance between this listing and this school0.58 miles
Public District Grades PK-8
Nearby Schools
2
/10
Lake Erie International High School
11650 Detroit Ave
Distance between this listing and this school1.24 miles
Public Charter Grades 9-12
3
/10
Thomas Jefferson School
3145 W 46th St
Distance between this listing and this school1.68 miles
Public District Grades PK-12
2
/10
Max S Hayes High School
4600 Detroit Ave
Distance between this listing and this school1.87 miles
The neighbors living near this home have an average income of $13,673. Most Cleveland, OH residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
This home is located at 2153 W 96th St in Cleveland, OH and zip code 44102 in the Cudell neighborhood. This 2,142 square foot home, which was built in 1895, sits on a 0.12 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $155,000.
In April 2024 more than 284 listings in Cleveland, OH were sold above the asking price. During the same period more than 94 listings were sold at asking price, while more than 344 were sold below. The number of listings in Cleveland, OH decreased by 1.2% between March 2024 and April 2024. In April 2024 median list price was $157,362 and the average listing age was 41 days.
From Rocket Homes Real Estate and based on county public records data.