2647 Idlewood Road

Cleveland, OH 44118

$225,000
Last Sold Price
5
Beds
3,300 Sq. Ft.
$68 / Sq. Ft.
3,300
Sq. Ft.
$68
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 6/1/20
Closed 6/1/20

Description

Young professional rental providing an annual 25.6% cash on cash return! Beautiful 3 unit fully occupied young professional rental located in the heart of Cleveland Heights on a highly desirable and easy to rent street located at 2647 Idlewood Road, Cleveland Heights OH 44118! The first and second floor units each have two bedrooms and one bath. The third floor is a rentable suite with one bedroom, fully updated with skylights. All units have updated kitchens and bathrooms. Walkable to the Lee Road...Young professional rental providing an annual 25.6% cash on cash return! Beautiful 3 unit fully occupied young professional rental located in the heart of Cleveland Heights on a highly desirable and easy to rent street located at 2647 Idlewood Road, Cleveland Heights OH 44118! The first and second floor units each have two bedrooms and one bath. The third floor is a rentable suite with one bedroom, fully updated with skylights. All units have updated kitchens and bathrooms. Walkable to the Lee Road commercial district, this house is just minutes from CWRU and the renowned Cleveland hospital systems! Fully point of sale compliant! Turnkey easy and profitable rental! Each units is fully occupied with tenants paying all of their own utilities including gas and electric with water/sewer billed prorate back to each of the tenants. Has room to park 5 cars. Net operating income after tenant reimbursements and expenses is $28,051. Realtor is related/involved with the selling group.
  1. Listed by Joshua Stone • Smartland, LLC.
    P: (216)-780-3501 C: (216)-780-3501 josh.stone63@gmail.com

Property Details for 2647 Idlewood Road

Subdivision Name
Fairmount Heights
LISTING UPDATED: 08/26/2023 02:34 PM

Property Details for 2647 Idlewood Road

StatusClosed
MLS #4181059
Days on Market41
Taxes$5,900 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1926
Lot Size0.15 AC / 6,398 SF
CountyCuyahoga County
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Location

Listing Courtesy of Smartland, LLC.

Sold By Keller Williams Greater Metropolitan

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Building Information for 2647 Idlewood Road

Stories3Residences3Year Built1926Building Size-Lot Size0.15 AC / 6,398 SF

Payment Calculator

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$1,613 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,121

Property Taxes

$492

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2647 Idlewood Road

Summary
Location and General Information
  • Directions: Must fill out attached covid addendum with all offers. Owner will give tour. Please accompany your buyers, if you are not having them communicate directly with owner after showing set up.
  • Latitude: 41.487501
  • Longitude: -81.557983
  • Township: Cleveland Heights
Taxes and HOA
  • Parcel Number: 687-19-015
  • Tax Annual Amount: $5,900.00
  • Tax Legal Description: 13 FAIR HTS 0101 ALL
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
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Paved
Property
Lot Information
  • Lot Size Acres: 0.1469
  • Lot Size Area: 0.1469
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 3300.0
  • Above Grade Finished Area Source: Owner
  • Building Area Total: 3300.0
  • Living Area: 3300.0
  • Year Built: 1926
Building Features
  • Construction Materials: Wood Siding
  • Levels: Three Or More
  • Number of Buildings: 1
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Has Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 3
  • Total Bedrooms: 5
  • Cooling: None
  • Has Cooling: No
  • Heating: Forced Air, Gas
  • Has Heating: Yes
  • Main Level Bathrooms: 0
  • Total Rooms: 15
Exterior Features
  • Roof: Asphalt, Fiberglass
  • Stories: 3
Multi Family
Multi Family Information
  • Total Number of Units: 3
Income & Expenses
  • Gross Income: $35,700.00
Unit Information
Unit 1
  • Actual Rent: $1,200.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Total Units: 1
Unit 2
  • Actual Rent: $1,150.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Total Units: 1
Unit 3
  • Actual Rent: $625.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Total Units: 1

Property History for 2647 Idlewood Road

DateEvent & SourcePriceAppreciation
Jun 1, 2020

Sold

MLS Now #4181059

$225,000—
May 9, 2020

Sold (Public Record)

Public Record #669508809

$225,000

+13.1% / yr

Apr 20, 2020

Contract Signed

MLS Now #4181059

—
DateEvent & SourcePrice
06/01/2020

Sold

MLS Now #4181059

$225,000
05/09/2020

Sold (Public Record)

Public Record #669508809

$225,000

+13.1% / yr

04/20/2020

Contract Signed

MLS Now #4181059

—

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

Public Records for 2647 Idlewood Road

Taxable ValueLand$10,710Additions$68,040Total$78,750
Tax Record2021$8,371 ($698 / month)
Home Facts
Baths2Total Finished SqFt2,672 SqFtAbove Grade Finished SqFt2,672 SqFtUnfinished Basement SqFt1,336 SqFtStories2Lot Size6,400 SqFtStyleDuplexYear Built1926Year Renovated1972ZoningACountyCUYAHOGAAPN687-19-015

Schools near 2647 Idlewood Road

This home is within Cleveland Heights-University Heights City.
Rating
School
Type
Grades
Distance
Canterbury Elementary School
Public - K to 5
Roxboro Middle School
Public - 6 to 8
Cleveland Heights High School
Public - 9 to 12
Tiger Virtual Academy
Public - K to 12
Rating
School
Distance
Canterbury 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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Listing Courtesy of Smartland, LLC.

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