Off-Market Property at 4500 Spokane Ave, Cleveland, OH 44109

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $120 per day and long-term for an average of $1,525 per month, based on similar listings in the area. Estimated short-term cap rate of 1.3%. Estimated long-term cap rate of -0.7%. Traditional All Brick Century Home in the Heart of Old Brooklyn! 3/4 Bedrooms and 1 & 1/2 Baths! Beautiful Refinished Hardwood Floors Throughout Including Kitchen. 1/2 Bath on Main Floor with Tile Flooring & Vented. Large Living Room w/Natural Woodwork, Crown Moulding, Built-In-Cabinets, Decorative Fireplace and Finished Hardwood Floors. Dining Room w/Crown Moulding, Window Seat and Built-In-Cabinets. Eat-In-Kitchen with Subway Tile, Stainless Steel Appliances & Breakfast Nook. Large Master Bedroom with Walk-In-Closet, Ceiling Fan & Additional Closet with Stairway to Finished 3rd Floor. This Bonus Room offers Newer Carpeting 2024, Walk-In-Closet, Full Length Storage with Built-In-Shelving & Sliding Barn Doors. 4 Hunter Remote Controlled Ceiling Fans Many Upgrades Include New Vinyl Double Hung & Casement Quality Windows 2024. Allows Nice Cross Breeze and Air Flow. Central Air 2022. Whole House Generator Panel Installed 2022 with Connector at Back of House. Newer Roof & Copper Plumbing 2017. Stenciled Ceiling in 2nd Floor Hallway. Custom Blinds & Shades Throughout. 2nd Floor Balcony off 3rd Bedroom. Lower Level Features Glass Block Windows, Rec-Room and Office Area and 2 Storage Rooms. Freshly Painted/Drylock and once in 2017. Upgraded Fiber Optic AT&T Internet. Relaxing Oversized Front Porch w/Privacy Shades. Beautifully Landscaped Front and Back Yards with Privacy Fence in Back. Back & Side Completely Fenced-In. Oversized 2 & 1/2 Car Garage with Opener and Built-In-Shelving. One Year Home Warranty. Close to Everything! About 10 Minutes from Downtown Cleveland, Hopkins International Airport, All Major Highways; I-71, I-480, I-90 & I-176! Inexpensive Uber Fares to Downtown Night Life, Sporting Games & Theater Events!! Move In Condition!! Owner is a Licensed Real Estate Broker in State of Ohio

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1745
Bedrooms
4
Bathrooms
2
SQFT
1,945
Furnished
N/A
Year built
1923
Listing Status
Off Market
MLS
5107592

Short-term Rental Potential
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$23,952

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$149

Price/SQFT

Long-term Rental Potential
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$18,300

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,525/mo

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