Investment Opportunity: Dual-Unit Property with Additional Income Potential Are you looking to enhance your rental portfolio or live in one unit while earning rental income from the others? This property presents an exceptional opportunity! This unique investment features a front duplex with substantial income potential. The downstairs unit is a spacious 3-bedroom, 1-bathroom residence currently rented to a long-term tenant for $700 per month. The upstairs unit, a recently updated 2-bedroom, 1-bathroom space, is freshly painted and ready for a new tenant, with potential rental income of $950 to $1,000 per month. Additionally, the property includes a 3-bedroom, 1.5-bathroom single-family home at the back of the lot. This unit requires renovation, but once completed, it could generate an extra $1,100 to $1,300 per month. With a total potential income of $2,500 to $3,000 per month, this property is a fantastic investment opportunity that you won’t want to miss! This property features two distinct buildings. - **Front Building Duplex:** The upstairs unit is readily accessible for showings. - **Back Building SFH:** This unit requires a complete renovation. Showings for the back house can only be conducted with a signed waiver release emailed to the listing agent. The lower unit in the front building is currently rented to a long-term tenant and will only be available for viewing once the property has an accepted offer. Please respect the tenant's privacy and do not disturb them. **Utilities:** The tenants cover all utilities except for water and sewer.
Property Details
Property Features
Property Information:
Year Built: 1900
Stories: 2
Living Area: 3,899 SqFt
Listing Office:
Office Name: HomeSmart Real Estate Momentum LLC
Office Phone: (440) 487-5365
Listing Agent: Chera D Ihnat
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 3
Total Bedroom Count: 8
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Attached Garage: No
Parking: Driveway
Lot Features
Lot Information:
Lot Size: 0.21 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: None
Other
Directions Information:
Directions: Dennison to W 33rd St
Price Information
Listing Price Info
Price Summary:
List Price: $150,000
Price Per SqFt: $38/SqFt
Tax Information:
Annual Amount: $2,870
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 $14.2K less than the Median Sold Price and $62/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: #5080820
Listing Office:
Office Name: HomeSmart Real Estate Momentum LLC
Office Phone: (440) 487-5365
Listing Agent: Chera D Ihnat
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: 11/5/2024, 2:20:54 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
DATE
EVENT
PRICE
Nov 01, 2019
Nov 01, 2019Home Sold
$56,300
Nov 01, 2019
Nov 01, 2019Home Sold
$15,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$2,870
$32,480
2019
$2,658
$32,490
2018
$2,649
$32,490
2017
$2,738
$32,380
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.
$816
Per Month
Principal & Interest
$749
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
$516
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
2
/10
Constellation Schools: Old Brooklyn Community Elementary School
4430 State Rd
Distance between this listing and this school1.21 miles
Public Charter Grades KG-4
4
/10
Constellation Schools: Stockyard Community Elementary School
3200 W 65th St
Distance between this listing and this school1.72 miles
Public Charter Grades KG-6
6
/10
Near West Intergenerational School
3805 Terrett Ave
Distance between this listing and this school2.38 miles
Public Charter Grades KG-6
Nearby Schools
4
/10
Denison
3799 W 33rd St
Distance between this listing and this school0.07 miles
Public District Grades PK-8
4
/10
Horizon Science Academy-Denison Middle School
1700 Denison Ave
Distance between this listing and this school0.64 miles
Public Charter Grades KG-8
5
/10
Charles A Mooney School
3213 Montclair Ave
Distance between this listing and this school1.12 miles
Public District Grades PK-8
Nearby Schools
1
/10
Lincoln-West High School
3202 W 30th St
Distance between this listing and this school1.08 miles
Public District Grades 9-12
3
/10
Facing History High School@Charles Mooney
3202 W 30th St
Distance between this listing and this school1.08 miles
Public District Grades 9-10
2
/10
Frederick Douglass Reclamation Academy
3167 Fulton Rd
Distance between this listing and this school1.16 miles
The neighbors living near this home have an average income of $28,198. Typical income of Cleveland, OH residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
This home is located at 3808 W 33rd St in Cleveland, OH and zip code 44109 in the Brooklyn Center neighborhood. This 3,899 square foot home, which was built in 1900, sits on a 0.21 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 27, 2024 and is currently priced at $150,000.
In October 2024 more than 275 listings in Cleveland, OH were sold above the asking price. During the same period more than 110 listings were sold at asking price, while more than 333 were sold below. In October 2024 in Cleveland, OH there were 4.7% more homes for sale than in September 2024. Listings spent 36 days on the market in October 2024, and had a median list price of $164,291 during the same period.
From Rocket Homes Real Estate and based on county public records data.