570 Merritt Avenue
570 Merritt Avenue
$1,375,000
4
4
3,622
3,622
$380
Closed 9/12/22
Description
Price Reduced! 568-574 Merritt Ave is a huge, pride of ownership 4-plex with classic 1920's character centrally located in Cleveland Heights. Built in 1925, the 3,622 SF structure is situated on a 3,941 SF lot. The property has an ideal unit mix of 4 large 1-bedroom, 1-bathroom units that provide the potential opportunity to add bedrooms and convert to 2-bedroom units. The units average approximately 905 SF each. Every unit is individually metered for gas & electric. The property also features 4...Price Reduced! 568-574 Merritt Ave is a huge, pride of ownership 4-plex with classic 1920's character centrally located in Cleveland Heights. Built in 1925, the 3,622 SF structure is situated on a 3,941 SF lot. The property has an ideal unit mix of 4 large 1-bedroom, 1-bathroom units that provide the potential opportunity to add bedrooms and convert to 2-bedroom units. The units average approximately 905 SF each. Every unit is individually metered for gas & electric. The property also features 4 secured garages that can be rented out for additional income. The garages provide the potential opportunity to complete an accessory dwelling unit (ADU) conversion & increase the total unit count. The property is also located in the RU-2 Zoning District which may allow for the addition of units. The in place rents are approximately 17% below market rate and provide the opportunity to increase the NOI by 47%.
- Listed by Keith Manson • DRE #01490046 • CBRE
- Listed by Zachary W Greenwood • DRE #01960296 • CBRE
Property Details for 570 Merritt Avenue
Parking Features
Attached, Garage
ZoningRU-2
Cross StreetWesley Ave
Total Parking Spaces4
Location
LISTING UPDATED: 09/14/2022 11:04 AM
Property Details for 570 Merritt Avenue
Status | Closed |
---|---|
MLS # | 422652468 |
Days on Compass | 77 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Quadruplex |
Year Built | 1925 |
Lot Size | 0.09 AC / 3,942 SF |
County | Alameda County |
Location
Building Information for 570 Merritt Avenue
Stories3Residences4Year Built1925Building Size-Lot Size0.09 AC / 3,942 SF
Payment Calculator
$9,385 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 570 Merritt Avenue
Property History for 570 Merritt Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 570 Merritt Avenue
Taxable ValueLand$412,500Additions$962,500Total$1,375,000
Tax Record2023$22,575 ($1,881 / month)
Home Facts
Total Finished SqFt3,622 SqFtAbove Grade Finished SqFt3,622 SqFtStories2Lot Size3,941 SqFtStyleQuadraplexYear Built1925CountyALAMEDAAPN23-420-20
Schools near 570 Merritt Avenue
This home is within Oakland Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Cleveland Elementary School PublicK to 5 | ||
Westlake Middle School Public6 to 8 | ||
Oakland Technical High School Public9 to 12 | ||
Aspire Lionel Wilson College Preparatory Academy Charter6 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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