Don’t miss this fantastic investment opportunity with a well-maintained 5-bedroom duplex, featuring two spacious units—one with 3 bedrooms and the other with 2 bedrooms. Currently rented at $650 per unit, there is significant room for rental growth, as the current fair market rental rates are $1,329 for the 2-bedroom unit and $1,720 for the 3-bedroom unit, including potential Section 8 housing options. This property is situated in a high rental area, offering substantial upside with its rental rates. Whether you’re expanding your portfolio or looking to enter the market, this duplex provides immediate cash flow with the potential for significant increases in income.
Property Details
Property Features
Property Information:
Year Built: 1920
Stories: 2
Living Area: 3,841 SqFt
Listing Office:
Office Name: Keller Williams Greater Metropolitan
Office Phone: (440) 694-5551
Listing Agent: Alexys Jones
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 7
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 2 spaces
Attached Garage: No
Parking: Driveway
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: None
Other
Directions Information:
Directions: East blvd to 99th to Pierpont
Price Information
Listing Price Info
Price Summary:
List Price: $100,000
Price Per SqFt: $26/SqFt
Tax Information:
Annual Amount: $792
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 $64.2K less than the Median Sold Price and $74/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: #5083279
Listing Office:
Office Name: Keller Williams Greater Metropolitan
Office Phone: (440) 694-5551
Listing Agent: Alexys Jones
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: 11/23/2024, 6:20:53 PM 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
$792
$8,960
2019
$4,120
$8,970
2018
$731
$8,970
2017
$574
$6,790
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.
$567
Per Month
Principal & Interest
$500
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
$366
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
Mayfair Elementary School
13916 Mayfair Ave
Distance between this listing and this school1.89 miles
Public District Grades 3-5
6
/10
Roxboro Elementary School
2405 Roxboro Rd
Distance between this listing and this school2.97 miles
Public District Grades KG-5
2
/10
Stepstone Academy
3328 Carnegie Ave
Distance between this listing and this school3.02 miles
Public Charter Grades KG-4
Nearby Schools
4
/10
Stonebrook-White Montessori School
975 East Blvd
Distance between this listing and this school0.16 miles
Public District Grades PK-8
3
/10
Willson School
1122 Ansel Rd
Distance between this listing and this school0.54 miles
Public District Grades PK-8
3
/10
Franklin D. Roosevelt Academy
800 Linn Dr
Distance between this listing and this school0.68 miles
Public District Grades PK-8
Nearby Schools
2
/10
Glenville High School
650 E 113th St
Distance between this listing and this school0.99 miles
Public District Grades 9-12
4
/10
Horizon Science Academy Cleveland
6000 S Marginal Rd
Distance between this listing and this school1.42 miles
Public Charter Grades 9-12
8
/10
Cleveland Early College High School
2075 Stokes Blvd
Distance between this listing and this school1.97 miles
The neighbors living near this home have an average income of $18,621. Residents of Cleveland, OH typically earn less than $35k 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 9805 Pierpont Ave in Cleveland, OH and zip code 44108 in the Superior Park neighborhood. This 3,841 square foot home, which was built in 1920, sits on a 0.15 acre lot. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $100,000.
In October 2024, from all listings sold in Cleveland, OH there were more than 275 sold above asking price, over 333 sold below and more than 110 were sold right at the asked price. 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.