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About This Home

This 5-bedroom, 4-bathroom residential multi family at 3161 Scranton Road in Cleveland, OH is listed for $400,000. Built in 1900, on a 0.14 acres lot.

Agent Description

Excellent opportunity to own two income properties on one parcel in the desirable Metro-North Tremont area. The properties are professionally managed and include three occupied units and one vacant unit, offering flexibility for investors or owner occupancy.

The front building has three one-bedroom, one-bath units, two on the first floor and one on the second. Major updates completed in 2020 include updated electrical with new panel, plumbing, three furnaces, vinyl windows, new drywall and ceilings, kitchens with granite countertops and appliances, updated bathrooms, and newer hot water tanks.

The rear house offers two bedrooms and one bath and was renovated in 2019 with updated electrical and plumbing. A driveway provides parking for all units. One unit is currently vacant and available for showings while the others are tenant occupied. Current rents are $1,100, $950, and $900 per month with leases in place.

Conveniently located near the West Side Market, Christmas Story House, MetroHealth Medical Center, Cuyahoga Community College, Cleveland State University, Downtown Cleveland, the Rock and Roll Hall of Fame, and many restaurants and attractions. Showings available for the vacant unit, occupied units upon accepted offer. Please DO NOT disturb tenants under any circumstances. DO NOT lock unit knob. Please ONLY lock exterior door.

Key Features

  • Built in 1900
  • 0.14 acre lot
  • 2 stories

Property Details

2 stories
4 full
1900

Monthly Cost Estimate

$2,139/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,733
Insurance$117

Estimates only. Actual payments may vary.

Location

3161 Scranton Road

Cleveland, OH 44109

Meyer

Property Details

Construction

WoodSiding

Parking

Driveway

Heating

Forced Air

Questions & Answers

This 5-bedroom, 4-bathroom residential multi family at 3161 Scranton Road is listed at $400,000. The estimated monthly payment is $1,733 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 0.14 acre lot, 2 stories.

This property is listed by Daniel Farai and can be reached at 2168549349 or daniel@farairealestate.com.

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DF

Daniel Farai

Agent at RE/MAX Above & Beyond

(216) 854-9349

Listed by RE/MAX Above & Beyond

MLS# 5193286· Source: listhub· Updated 15 days ago

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3161 Scranton Road, Cleveland, OH 44109

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