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357 West ST Berea, OH 44017
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Key Details
Sold Price $250,501
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,457 sqft
Price per Sqft $38
Subdivision Middleburg Sec 24
MLS Listing ID 4496692
Sold Date 11/15/23
Bedrooms 10
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 4,237
Year Built 1935
Annual Tax Amount $11,030
Lot Size 0.481 Acres
Acres 0.481
Property Description
Exceptional Investment Opportunity Near Baldwin Wallace University! Nestled in vibrant Berea, Ohio, this property features a well-maintained triplex at the front and a beautifully updated single-family house at the back, providing diverse income streams and potential student housing. The front triplex offers three comfortable units for steady rental income. The single-family house, with modern amenities, is a serene retreat. A parking lot for up to 10 cars is a significant advantage, and the expansive yard provides ample green space. Situated next to Baldwin Wallace University, this property offers a prime location for student housing. The single family at the back of the property currently rents for $1,174/mo. plus electric/gas. Section 8 month to month and the 3 bedroom unit is currently leased for $790/mo. plus electric/gas until 06/30/24. There is much room to increase these rents to market value as well! Current potential rents: 4 Bedroom - $1,400+, 3 Bedroom - $1,100+, 2 Bedroom - $800+, and 1 Bedroom - $700+. Don't miss the chance to be part of this thriving community and explore the possibilities with this property in your portfolio. Invest in your future today! 48 hours notice needed to tour the occupied units. Contact your agent to obtain the investment analyses - both current and potential.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry In Unit
Exterior
Parking Features Paved, Parking Lot
Fence Chain Link, Wood
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Berea Csd - 1804
Others
Tax ID 363-27-013
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Ryan McCullough • RE/MAX Above & Beyond