Address
34460 Beach Park Ave, Eastlake, OH
Price
$ 399,000
Property Attributes
- MLS#4480974
- TypeMulti-Family
- CountyLAKE
- CityEastlake
- NeighborhoodBeach Park Sub 2
- Zip44095
- Style
- Year Built1946
- Taxes$ 5803
- Price$ 399,000
- Bedrooms9
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage3522
- Lot Size0.84 Acres
Data Source:
MLSNow
Property Description
This RARE lake county multifamily is located on a quiet, residential street in a small lakeside community in Eastlake just moments from the Lake. It features 4 unique layouts and each unit has a private garage. There are 2 units currently owner occupied that will be vacant at closing. One of which is 2 stories with 3 bedrooms, 1.5 baths and feels more like a townhome. These units could offer the new buyer a perfect opportunity to house hack and purchase with an FHA loan and low downpayment! The occupied units are both 2 beds and are rented at 750 and 950 (both below market) with leases that expire in October. You could increase the rents immediately after closing for additional cash flow. Full market rent is conservatively $5000/mo or $60,000/year. Thanks to many split meters, the expenses are extremely low at about $15,000/year. (That includes 8% property management, taxes, Maintenance, insurance and utilities that owners are paying to live there). The units are very nice inside and need nothing to get rented. There are small small cosmetic updates you could do to any place to create a nicer aesthetic and would only push your potential rents even higher. Showings with appointment only. Schedule yours before it's gone.
| Price History | |
|---|---|
| 8/10/2023 | Listed $399,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Appliances | Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer |
| Association Y/N | No |
| Attached Garage | Yes |
| Carport Y/N | No |
| City | Eastlake |
| Community Features | Lake |
| Construction Materials | VinylSiding |
| Cooling | None |
| County | Lake |
| Days on Market | 26 |
| Directions | Located off of SOM Ctr Rd. |
| Elementary School District | Willoughby-Eastlake |
| Exterior Features | PavedDriveway |
| Garage Spaces | 1.0 |
| Garage Y/N | Yes |
| Heating | ForcedAir, Gas, HotWater, Steam |
| High School District | Willoughby-Eastlake |
| Home Warranty Y/N | No |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Middle/Junior School District | Willoughby-Eastlake |
| Mobilehomeremainsyn | No |
| New Construction | No |
| Ownerpays | Sewer, TrashCollection, Water |
| Percent Ownership | Resident |
| Possession | DeliveryOfDeed |
| Property Attached Y/N | No |
| Property Sub Type Additional | Quadruplex, MultiFamily |
| Property SubType | Quadruplex |
| Property Type | Residential |
| Rent Control Y/N | No |
| Roof | Asphalt, Fiberglass |
| Senior Community Y/N | No |
| Sewer | PublicSewer |
| Standard Status | Active |
| Status | Active |
| Street Name | Beach Park |
| Subdivision Name | Beach Park Sub 2 |
| Tax Annual Amount | 5803.0 |
| Tenant Pays | CableTV, Electricity, Gas, Heat |
| Total Units | 4 |
| Township | Eastlake City |
| View Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/34460-Beach-Park-Avenue-Eastlake-OH-44095/unbranded |
| Waterfront Y/N | No |
| Year Built | 1946 |
| Year Built Details | Actual YBT |
Interior Features
| Above Grade Finished Area | 3522.0 |
|---|---|
| Above Grade Finished Area Source | Assessor |
| Air Conditioning Y/N | No |
| Basement (Y/N) | Yes |
| Electric On Property Y/N | No |
| Fireplace Y/N | No |
| Full Baths | 4 |
| Half Baths | 1 |
| Heating Y/N | Yes |
| Laundry Features | None |
| Street Suffix | Avenue |
| Total Baths | 5 |
| Total Bedrooms | 9 |
Exterior Features
| Building Area Total | 3522.0 |
|---|---|
| Crops Included Y/N | No |
| Foundation Details | Slab |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Size Acres | 0.84 |
| Lot Size Area | 0.84 |
| Lot Size Source | PublicRecords |
| Lot Size Units | Acres |
| Number of Buildings | 1 |
| Open Parking Y/N | No |
| Parking Features | Attached, Garage |
| Spa | No |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 44095
Price
Taxes
Visits
Year Built
Walkscore
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