2434 Overlook Road

3,544 Sq. Ft.
$151 / Sq. Ft.
3,544
Sq. Ft.
$151
per Sq. Ft.

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.
  1. Listed by Tal Tamir • Russell Real Estate Services
    P: (216)-870-8687 C: (216)-870-8687 tal@premierclevelandinvesting.com

Property Details for 2434 Overlook Road

Subdivision Name
Euclid Heights Allotment
Has Waterfront
No
LISTING CLOSED: 06/07/2024 12:00 AM

Property Details for 2434 Overlook Road

StatusClosed
MLS #5031947
Days on Market11
Taxes$11,482 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1916
Lot Size0.42 AC / 18,425 SF
CountyCuyahoga County

Location

Listing Courtesy of Russell Real Estate Services

Sold By Neighborhood Partners, LLC.

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Building Information for 2434 Overlook Road

Stories-Residences-Year Built1916Building Size-Lot Size0.42 AC / 18,425 SF

Payment Calculator

$3,676 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,719

Property Taxes

$957

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2434 Overlook Road

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 ValueLand$33,600Additions$103,220Total$136,820
Tax Record2025$11,584 ($965 / month)
Home Facts
Baths3.5Total Finished SqFt3,544 SqFtAbove Grade Finished SqFt3,544 SqFtStories3Lot Size18,414 SqFtStyleTriplexYear Built1916Year Renovated1970ZoningMF3CountyCUYAHOGAAPN685-04-014Fireplace TypeHas 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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