Sold
Last Sold Price
6 beds3,544 sqft

2434 Overlook Road, Cleveland, OH 44106

Multi FamilyProperty Type
0.42 acresLot Size
1916Year Built
$151/sq ftPrice per sq ft
3 carsParking Spaces

Description

4-unit investment opportunity now available in the most prime location bordering Little Italy and Coventry in Cleveland Heights! Nestled mere moments from Cleveland Clinic and Case Western Reserve, this 4-unit property boasts unbeatable convenience to bars, restaurants, and all the area has to offer. Currently fully occupied, it generates $6,500 in monthly rent. The expansive layout includes (2) 1-bed, 1-bath units on the first floor and (2) 2-bed, 2-bath units spanning the upper floors. Tenants...4-unit investment opportunity now available in the most prime location bordering Little Italy and Coventry in Cleveland Heights! Nestled mere moments from Cleveland Clinic and Case Western Reserve, this 4-unit property boasts unbeatable convenience to bars, restaurants, and all the area has to offer. Currently fully occupied, it generates $6,500 in monthly rent. The expansive layout includes (2) 1-bed, 1-bath units on the first floor and (2) 2-bed, 2-bath units spanning the upper floors. Tenants enjoy modern amenities such as in-suite laundry in the 2-bed units and private basement access with laundry for the 1-bed/1-bath units. Each unit features individual furnaces and hot water tanks, with the owner billing back for water/sewer and trash. Recent updates include tiled bathrooms, newer cabinets, stone countertops, and more. With a purchase yielding over a 9% cap rate in one of Cleveland's hottest sub-markets, this property promises both immediate returns and long-term potential. Plus, benefit from newer mechanicals, updated electrical and plumbing, stainless steel appliances, and other thoughtful enhancements. Don't miss out on this exceptional investment opportunity! The county auditor's website states that there are 3 units, 4 bedrooms and 3.5 baths but the owner states that there are 4 units, 6 bedrooms and 6 bathrooms.
  • Listed by: Tal Tamir 216.870.8687 tal@premierclevelandinvesting.com • Russell Real Estate Services
Listing closed: 06/07/2024 12:00 AM • Source: MLS Now, MLS#: 5031947
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Recent comparable sales

Median sold price

$485,000

Avg days on market

79

Sale-to-list ratio

95.2%

Cleveland, OH

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Location

Listing Courtesy of Russell Real Estate Services

Sold By Neighborhood Partners, LLC.

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Payment Calculator

$3,813 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,856

Property Taxes

$957

HOA Dues

$0

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Property Information for 2434 Overlook Road

Property Details

  • Taxes: $11,482 / year
  • MLS Type: Residential Income / Quadruplex
  • Subdivision Name: Euclid Heights Allotment
  • Has Waterfront: No

Building Information

  • Year Built: 1916
  • Lot Size: 0.42 AC / 18,425 SF

Summary

Location and General Information
  • Directions: South of Mayfield Rd
  • Latitude: 41.50753
  • Longitude: -81.593305
  • Township: Cleveland Heights
Taxes and HOA
  • Parcel Number: 685-04-014
  • Tax Annual Amount: $11,482.00
  • Tax Legal Description: 405 EUCHTS 0045 EP
  • Tax Year: 2023
School Information
  • Elementary School District: Cleveland Hts-Univer - 1810
  • High School District: Cleveland Hts-Univer - 1810
  • Middle or Junior School District: Cleveland Hts-Univer - 1810
Parking
  • Attached Garage: No
  • Carport: No
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Detached, Garage

Property

Lot Information
  • Lot Size Acres: 0.423
  • Lot Size Area: 0.423
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 3544.0
  • Above Grade Finished Area Source: Assessor
  • Living Area: 3544.0
  • Living Area Units: Square Feet
  • Property Condition: Updated Remodeled
  • Year Built: 1916
  • Year Built Source: Public Records
Building Features
  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Levels: Three Or More
  • Number of Buildings: 1
Utilities
  • Sewer: Public Sewer
  • Water Source: Public

Interior and Exterior Features

Interior Features
  • Basement: Full
  • Has Basement: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 6
  • Total Bedrooms: 6
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air, Gas
  • Has Heating: Yes
  • Main Level Bathrooms: 0
Exterior Features
  • Private Pool: No
  • Roof: Asphalt, Fiberglass

Unit Information

Unit 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: Two Bedroom
Unit 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: Two Bedroom
Unit 3
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: One Bedroom
Unit 4
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: One Bedroom

Property History for 2434 Overlook Road

DateEvent & SourcePriceAppreciation
Jun 7, 2024

Sold

MLS Now #5031947

$535,000—
Jun 6, 2024

Sold (Public Record)

Public Record #1534217281

$535,000

+64.8% / yr

Apr 26, 2024

Contract Signed

MLS Now #5031947

—
DateEvent & SourcePrice
06/07/2024

Sold

MLS Now #5031947

$535,000
06/06/2024

Sold (Public Record)

Public Record #1534217281

$535,000

+64.8% / yr

04/26/2024

Contract Signed

MLS Now #5031947

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2434 Overlook Road

Taxable Value

Land

$33,600

Additions

$103,220
Total$136,820

Tax Record

2025

$11,584 ($965 / month)

Home Facts

Baths

3.5

Total Finished SqFt

3,544 SqFt

Above Grade Finished SqFt

3,544 SqFt

Stories

3

Lot Size

18,414 SqFt

Style

Triplex

Year Built

1916

Year Renovated

1970

Zoning

MF3

County

CUYAHOGA

APN

685-04-014

Fireplace Type

Has Fireplace

Schools near 2434 Overlook Road

This home is within Cleveland Heights-University Heights City.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Roxboro Elementary School
PublicK to 5

Roxboro Middle School
Public6 to 8

Cleveland Heights High School
Public9 to 12

Tiger Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Russell Real Estate Services

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