1738 Coit RoadCleveland, OH 44110

1738 Coit RoadCleveland, OH 44110

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$131,400 Active
Multi Unit - Multiple MLS 5159356
5 beds 3 full baths 2,765 sqft

Listed By

Agency Name: The Agency Cleveland Northcoast
Agency Contact: Josh.anton@theagencyre.com, 216-469-1456

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Spacious and versatile triplex offering immediate income on Cleveland's growing east side. This partially occupied multi-family property is perfect for the cash-flow-centric investor or a traditional house hacker looking to establish the foundation for their real estate portfolio. The main level, 2-bed, 1-bath unit is currently rented at $700/month and offers future income growth, with projections around $900/month. Both the second-floor, 2/1, and third-floor, 1/1, units are recently updated to near-rent-ready status, adding an estimated $1,500/month in gross income. With triplex inventory at a minimum?particularly units that offer the opportunity to live in and have your mortgage paid by tenants?what are you waiting for? Seller will not consider subject-to or seller-financing proposals. See supplements or contact listing agents directly for dwelling valuation and rental estimates.

1738 Coit Road | MLS# 5159356

This multi-family property located at 1738 Coit Road, Cleveland, OH 44110 is currently listed for sale with an asking price of $131,400. Coit Road is located within the East Cleveland City school district. Search Cleveland real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: None
Days on Market: 121
Heating: Baseboard, Electric, Forced Air, Gas
Lot Size: 0.13 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $3,007 / year
Year Built: 1915

Feature Descriptions

Exterior: Wood Siding
Parcel#: 673-04-046
Parking: Driveway, On Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: East Cleveland City

Demographics

Cuyahoga County Demographic Information for 1738 Coit Road, Cleveland, OH 44110
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 930.01 per month $641.10 Principal & Interest $250.58 Property Tax $38.33 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage