USAOHClevelandWade11115 Wade Park Ave
View of front facade featuring a chimney and a front yard | Image 1
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$499,900

11115 Wade Park Ave, Cleveland, OH

House

For Sale

$--,---,---
730
  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size  sqft
Garage No
Taxes $6,757
Days Active 90
Lot Size 
Approx. Age 1910
MLS® Number 5119816

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Location, location, location! Property located within walking distance of case western reserve. Currently used as a rental at 775 per bedroom. Most of the larger homes in the neighborhood do serve as rentals for international students, case western has a severe shortage of housing so these students do like to live off campus in their own rental homes. Most stay on for the 4 years while at case and many stay on for post graduate. Still a good opportunity to get rented for the 2025 new school year in mid august. Property itself is gorgeous with beauitful hardwood floors, thick crown molding, wood/brick fireplace with beautiful mantel. Property has side enclosed patio and a tier decking. Currently wiith 55, 800 of potential annual income and approx 8800 in expenses your noi is 50k or a cap rate of 9.8% - that's huge for any area of greater cleveland let alone property within walking distance of case....That's liquid gold! Seller willing to hold note for 5 years at 6.5% interest amortized at 30 years with balloon payment on the 60th payment .......All with 25% down. Note that students a little messy but not dirty, but property has good bones. Group from brazil going back home in august - all graduated. Call us today this one won't last!Show Description
MLS® Number5119816
Laundry Level
Central VacNo
FireplaceNo
Acreage0.2661
Exterior
GarageNo
Approx. Age1910
BasementUnfinished
DrivewayDriveway
Garage Spaces
HeatHot Water, Steam
A/CCeiling Fans, Wall Window Units
Heating Fuel

Extras

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