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1565 Newman AVE Lakewood, OH 44107
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Key Details
Sold Price $325,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,539 sqft
Price per Sqft $91
Subdivision Birdtown Heights
MLS Listing ID 4314202
Sold Date 10/19/21
Bedrooms 6
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 3,539
Year Built 1898
Annual Tax Amount $3,945
Lot Size 7,448 Sqft
Acres 0.171
Property Sub-Type Triplex
Stories Two
Story Two
Property Description
Inspected, cash flowing & ready to sell! A legal triplex w/ 1, 2 & 3 bedroom units, monthly gross of $3,000. An owner-occupant can purchase to live here & have the other units cover most-to-all expenses then keep this property as pure investment income after accumulating cash while living at this property to purchase another. The numbers also work for investors. The property has many updates; each unit has its own gas/ electric meters; its own entry & laundry. On a large lot with ample parking & yard space (room for multiple-car parking). The 3 BR unit ($1,050/mo) is the upper level, has a very cool layout with an open concept & in-suite laundry. The 2 BR unit ($1,125/mo) has just recently been remodeled in 2020 with new flooring throughout, a new bathroom with tile surround, new kitchen featuring stainless appliances, butcherblock counters and all new cabinets. The 1 BR unit ($850/mo) has updates just completed this year and is toward the side/back with a dedicated living room, dining
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling Other
Fireplace No
Appliance Dryer, Range, Refrigerator, Washer
Laundry In Unit
Exterior
Parking Features No Garage, Paved, Unpaved
Fence Chain Link, Partial
View Y/N Yes
Water Access Desc Public
View City
Roof Type Asphalt,Fiberglass
Building
Lot Description < 1/2 Acre
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Tax ID 315-14-066
Financing FHA
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Bought with Michael J Mooneyham • Keller Williams Citywide
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