3559 Latimore Road
Shaker Heights, OH 44122
- 5 beds
- 3 baths
- – sqft
- 6,299 sqft lot
- 1928 build
- – on site
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Rare opportunity to own a 3 unit income property perfectly located just minutes away from the Van Aken District and some of the east side's best employment an entertainment! Perfect house-hack for an owner occupant to live in one unit and have tenants pay the majority of their mortgage! Or all three units can be leased and should easily bring in #3,300 per month as is! Further updating can be done to fetch premium rents as updated 2 bed units in the neighborhood go for $1,400-$1,600! New development is happening just down the road and this property is poised to be a fantastic long term investment for the savvy investor or owner occupant. There have been a number of updates from current ownership including quartz countertops in the lower unit, refinished hardwoods, vinyl plank flooring, new bathroom vanities and light fixtures, full exterior paint job, new AC unit, new HWT, new washer and dryer, and much more! The basement is clean and dry and recently purchased a new washer and dryer. The top floor apartment is currently leased to a month to month tenant at $500 per month. As is, this can be raised to $700. There are 3 garage spots currently not being charged for but could be to produce additional income. Roof has significant life left on it and solid mechanicals! At full price, seller is offering $4,000 towards buyer's closing costs as well as a home warranty. PROPERTY WILL BE POS COMPLIANT.
Last checked:
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Last updated Jan 8, 2025
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MLS# 5082938 —
The Building
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Year Built:1928
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Year Built Source:PublicRecords
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Construction Materials:Brick
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Patio And Porch Features:Balcony
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Levels:ThreeOrMore
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Roof:Asphalt
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Basement:Concrete
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Basement:true
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Foundation:Block
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# of Buildings:2
Interior
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Rooms Total:12
Room Dimensions
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Living Area Units:SquareFeet
Location
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Directions:Left on Latimore from Winchell.
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Latitude:41.462766
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Longitude:-81.548995
The Property
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Parcel Number:736-20-101
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Property Type:ResidentialIncome
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Property Subtype:Triplex
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Property Subtype Additional:Triplex
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Lot Size Acres:0.1446
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Lot Size Area:0.1446
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Exterior Features:Balcony
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (216) 956-1884
- Office phone:
- (440) 895-7290
Taxes
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Tax Year:2023
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Tax Legal Description:54 VANS#22 1488 ALL
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Tax Annual Amount:$7,990.58
Beds
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Bedrooms Total:5
Baths
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Total Baths:3
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Full Baths:3
The Listing
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Home Warranty:true
Heating & Cooling
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Heating:ForcedAir
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Heating:true
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Cooling:CentralAir,WallWindowUnits
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Cooling:true
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Elementary School District:Shaker Heights CSD - 1827
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Middle School District:Shaker Heights CSD - 1827
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High School District:Shaker Heights CSD - 1827
The Community
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Subdivision Name:Vansweringen
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Pool Private:false
Parking
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Garage:true
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Attached Garage:false
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Garage Spaces:3.0
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Carport:false
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Parking Features:Detached,Garage
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/27/24
Dec 27, 2024
|
Sold | MLS_NOW | $320,500 | 0.5% |
|
11/25/24
Nov 25, 2024
|
Sold Subject To Contingencies | MLS_NOW | $319,000 | |
|
7/28/20
Jul 28, 2020
|
Sold | MLS_NOW |
