Charming 2-Family Duplex with Income Potential and Modern Updates ready to make yours today! Welcome to this inviting 2-family duplex, perfect for both investors and owner-occupants seeking a blend of comfort and potential income. Each unit features 2 spacious bedrooms and 1 full bathroom, making it ideal for a range of living arrangements. The upstairs unit is currently tenant-occupied with a lease in place until January 2025, providing a steady income of $860 per month. The tenant adds stability while you benefit from immediate rental income. The downstairs unit is almost rent ready with just a few touches missing but ready for you or new tenants to move in. Freshly updated with modern electrical systems, updated water tanks, and efficient furnaces, ensuring a hassle-free transition and peace of mind. The property boasts durable vinyl windows throughout, enhancing energy efficiency and reducing maintenance. The clean basement offers additional storage (with 2 closets perfect for each unit) and potential for future projects. This well-maintained duplex is not just a home but a smart investment opportunity. With updated systems and a reliable tenant in place, you can enjoy the benefits of rental income while having the flexibility to occupy or lease the other unit as you see fit. Don't miss out on this chance to own a property that offers both immediate returns and long-term potential. Schedule your viewing today!
Property Details
Property Features
Property Information:
Year Built: 1924
Living Area: 1,824 SqFt
Listing Office:
Office Name: EXP Realty, LLC.
Office Phone: (216) 972-7862
Listing Agent: Paula Zampallo Ramirez
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 2
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 2 spaces
Attached Garage: No
Parking: Detached, Garage
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: None
Other
Directions Information:
Directions: on the main street E 123
Price Information
Listing Price Info
Price Summary:
List Price: $117,000
Price Per SqFt: $64/SqFt
Tax Information:
Annual Amount: $1,283
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 $47.2K less than the Median Sold Price and $36/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: #5064160
Listing Office:
Office Name: EXP Realty, LLC.
Office Phone: (216) 972-7862
Listing Agent: Paula Zampallo Ramirez
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, 10:20:55 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
Sep 23, 2021
Sep 23, 2021Home Sold
$32,500
Sep 23, 2021
Sep 23, 2021Home Sold
$55,900
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$1,283
$14,530
2019
$1,188
$14,530
2018
$1,168
$14,530
2017
$1,150
$13,790
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.
$651
Per Month
Principal & Interest
$584
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
$417
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
3
/10
Village Preparatory School:: Woodland Hills Campus
9201 Crane Ave
Distance between this listing and this school1.58 miles
Public Charter Grades KG-3
5
/10
Onaway Elementary School
3115 Woodbury Rd
Distance between this listing and this school2.16 miles
Public District Grades PK-4
4
/10
Elmwood Elementary School
5275 Turney Rd
Distance between this listing and this school2.29 miles
Public District Grades KG-5
Nearby Schools
2
/10
Harvard Avenue Community School
12000 Harvard Ave
Distance between this listing and this school0.20 miles
Public Charter Grades KG-8
2
/10
Chapelside Cleveland Academy
3845 E 131st St
Distance between this listing and this school0.38 miles
Public Charter Grades KG-8
3
/10
Charles Dickens School
13013 Corlett Ave
Distance between this listing and this school0.43 miles
Public District Grades PK-8
Nearby Schools
1
/10
John Adams High School
3817 Martin Luther King Jr Dr
Distance between this listing and this school0.39 miles
Public District Grades 9-12
3
/10
Garfield Heights High School
4900 Turney Rd
Distance between this listing and this school1.87 miles
Public District Grades 9-12
1
/10
John F Kennedy High School
17100 Harvard Ave
Distance between this listing and this school1.88 miles
The neighbors living near this home have an average income of $39,175. Residents of Cleveland, OH typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 3973 E 123rd St in Cleveland, OH and zip code 44105 in the Mars Hill neighborhood. This 1,824 square foot home, which was built in 1924, sits on a 0.09 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 27, 2024 and is currently priced at $117,000.
While more than 275 listings in Cleveland, OH in October 2024 were sold above asking price, there were more than 110 listings sold at asking price, and more than 333 were sold below. In October 2024 in Cleveland, OH there were 4.7% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $164,291, while the average time on the real estate market was 36 days.
From Rocket Homes Real Estate and based on county public records data.