363 Miles Road

3,487 Sq. Ft.
$121 / Sq. Ft.
3,487
Sq. Ft.
$121
per Sq. Ft.

Description

Rare four unit multi-family in Chagrin Falls! This is a fantastic investment opportunity for an income producing property or place to call home and have your mortgage paid. Potential gross income can be upwards of $50,000! This is a historic building with a striking stucco exterior with Tudor trim. Two units are located on the first floor, while the other two are located on the second. Beautiful lot is ideally situated within walking distance to the Village. Don’t miss this chance to own a piece...Rare four unit multi-family in Chagrin Falls! This is a fantastic investment opportunity for an income producing property or place to call home and have your mortgage paid. Potential gross income can be upwards of $50,000! This is a historic building with a striking stucco exterior with Tudor trim. Two units are located on the first floor, while the other two are located on the second. Beautiful lot is ideally situated within walking distance to the Village. Don’t miss this chance to own a piece of history!
  1. Listed by Ryan I. Young • Keller Williams Greater Cleve
    P: (216)-378-9618 C: (216)-378-9618 ryan@youngteamrealtors.com

Property Details for 363 Miles Road

Subdivision Name
Solon
LISTING UPDATED: 08/26/2023 08:44 AM

Property Details for 363 Miles Road

StatusClosed
MLS #3725730
Days on Market26
Taxes$8,599 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1926
Lot Size0.37 AC / 16,252 SF
CountyCuyahoga County

Location

Listing Courtesy of Keller Williams Greater Cleve

Sold By RE/MAX Traditions

Add your commute

Building Information for 363 Miles Road

Stories2Residences4Year Built1926Building Size-Lot Size0.37 AC / 16,252 SF

Payment Calculator

$2,814 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,098

Property Taxes

$717

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 363 Miles Road

Summary
Location and General Information
  • Directions: West on Miles from Chagrin, on the corner of Miles and Hillside. 24 hour minimum noticed required on all showing requests.
  • Latitude: 41.421692
  • Longitude: -81.403277
Taxes and HOA
  • Parcel Number: 932-25-002
  • Tax Annual Amount: $8,599.00
  • Tax Legal Description: 8 SW OF HILLSIDE & S OF MILES REL
School Information
  • Elementary School District: Chagrin Falls EVSD - 1808
  • High School District: Chagrin Falls EVSD - 1808
  • Middle or Junior School District: Chagrin Falls EVSD - 1808
Parking
  • Attached Garage: No
  • Carport: No
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: No Garage, Paved
Virtual Tour
Property
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.3731
  • Lot Size Area: 0.3731
  • Lot Size Source: Public Records
  • Lot Size Units: Acres
Property and Assessments
  • Building Area Source: Realist
  • Building Area Total: 3487.0
  • Year Built: 1926
Building Features
  • Construction Materials: Stucco
  • Levels: Two
  • Number of Buildings: 1
Utilities
  • Sewer: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 4
  • Total Bedrooms: 5
  • Cooling: None
  • Has Cooling: No
  • Heating: Forced Air, Gas
  • Has Heating: Yes
  • Main Level Bathrooms: 0
  • Total Rooms: 12
Exterior Features
  • Roof: Asphalt, Fiberglass
  • Stories: 2
Multi Family
Multi Family Information
  • Total Number of Units: 4
Income & Expenses
  • Gross Income: $49,647.00
  • Net Operating Income: $38,811.00
Unit Information
Unit 1
  • Actual Rent: $645.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Total Units: 1
Unit 2
  • Actual Rent: $1,175.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Total Units: 1
Unit 3
  • Actual Rent: $980.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Total Units: 1
Unit 4
  • Actual Rent: $925.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Total Units: 1
Rental
Rent Information
  • Owner Pays: Other
  • Tenant Pays: Electricity, Sewer, Water

Property History for 363 Miles Road

DateEvent & SourcePriceAppreciation
Aug 11, 2015

Sold

MLS Now #3725730

$421,000
Aug 10, 2015

Sold (Public Record)

Public Record #558860248

$421,000

+3.7% / yr

Jul 27, 2015

Contract Signed

MLS Now #3725730

DateEvent & SourcePrice
08/11/2015

Sold

MLS Now #3725730

$421,000
08/10/2015

Sold (Public Record)

Public Record #558860248

$421,000

+3.7% / yr

07/27/2015

Contract Signed

MLS Now #3725730

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

Public Records for 363 Miles Road

Taxable ValueLand$33,290Additions$95,660Total$128,950
Tax Record2021$12,828 ($1,069 / month)
Home Facts
Baths4Total Finished SqFt3,487 SqFtAbove Grade Finished SqFt3,487 SqFtUnfinished Basement SqFt700 SqFtStories2Lot Size16,251 SqFtStyleMulti-Family Res (5+ Units)Year Built1927Year Renovated1982ZoningR1-60CountyCUYAHOGAAPN932-25-002

Schools near 363 Miles Road

This home is within Chagrin Falls Exempted Village School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Gurney Elementary School
PublicPK to 3

Chagrin Falls Middle School
Public7 to 8

Chagrin Falls High School
Public9 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 Keller Williams Greater Cleve

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