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$345,000   Price Analysis
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12627 Franklin Blvd
Lakewood, OH 44107
6 bed 2 bath unknown SqFt ($0/SqFt)
5,654SqFt lot. Built 1913
Listed 2024-04-09, Taxes $4,656
Ⓧ USDA Ineligible
due to location

near Lakewood

Welcome to 12627 Franklin Blvd in Lakewood

* No Longer For Sale *
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OH! This sizeable 6-bedroom, 2-bathroom property presents a fantastic investment opportunity. Partially occupied with a tenant providing $1, 400 per month, with a lease ending n 2/26/2025, this property offers immediate cash flow. The vacant unit is awaiting renovation but has the potential to generate $1, 500 in monthly income once rehabbed, offering even greater returns for savvy investors.

Co nveniently located near downtown Cleveland, shopping and vibrant nightlife, this property appeals to both tenants and owners alike. Whether you're looking to expand your investment portfolio or seeking a place to call home with rental income potential, 12627 Franklin Blvd has plenty to offer. Don't miss out schedule a viewing today and seize this exciting opportunity!


Presented by Alex V Johnson at
Real Estate Quest, Inc.


Property MLS #5029287 from MLSNOW

Bedrooms: 6

Total Rooms: 13
Basement Description: Full, Unfinished

Total Bathrooms: 2
Full Bathrooms: 2

Heating Features: ForcedAir
Heating: Yes

Lot Size Acres: 0.1298
Lot Size Source: PublicRecords
Lot Size Square Feet: 5654

Garage Spaces: 2
Parking Features: Detached, Garage

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1

Elementary School District: Lakewood CSD (Cuyahoga)- 1817
High School District: Lakewood CSD (Cuyahoga)- 1817
Middle or Junior School District: Lakewood CSD (Cuyahoga)- 1817

Garfield Middle School is a public middle school located approximately 0.4 miles away.
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Harrison Elementary School is a public elementary school located approximately 0.4 miles away.
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Lakewood High School is a public middle and high school located approximately 0.7 miles away.
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Sts. Cyril - Methodius School is a private elementary and middle school located approximately 0.2 miles away.
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Annual Tax Amount: 4656
Source Listing Status: Closed
County: Cuyahoga
Directions: Triskett Rd turn Left onto W 140th Street. Turn Right onto Franklin Blvd. Destination is .6 mi on your Right.
Tax Year: 2022
Source Property Type: ResidentialIncome
Source Neighborhood: Gerard Companys Sub #1
Parcel Number: 315-11-171
Postal Code Plus 4: 4907
Subdivision: Gerard Companys Sub #1
Township: Lakewood
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$53,760 + $16,030
$69,790
$4,656
2021$53,760 + $16,030
$69,790
$4,610
2020$41,690 + $12,430
$54,120
$3,921
2019$41,690 + $12,430
$54,120
$3,846
2018$41,690 + $12,430
$54,120
$3,841
2017$29,020 + $9,490
$38,510
$2,776
2016$29,020 + $9,490
$38,510
$2,757
2015$41,690 + $9,490
$51,180
$3,931
2014$40,080 + $9,140
$49,220
$3,903
2013$40,080 + $9,140
$49,220
$3,862
2012$41,760 + $9,380
$51,140
$3,474
2012$40,080 + $9,140
$49,220
$3,474
2010$41,760 + $9,380
$51,140
$5,251
2009$41,760 + $9,380
$51,140
$4,998
2008$44,415 + $9,975
$54,390
$3,336
2007$44,420 + $9,980
$54,400
$3,910

Sold 2024-05-29
$327,200
MLSNOW
Listed 2024-04-09
$345,000
MLSNOW
Sold 2022-07-29
$302,000
Public Record
Sold 2022-01-26
$140,000
Public Record
Sold 1976-12-01
$52,000
Public Record

Year Built: 1913
Construction Materials: AluminumSiding, WoodSiding
Levels: Two
Living Area Units: SquareFeet
Property Age: 111
Roof: Asphalt, Fiberglass
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: PublicRecords

Sewer: PublicSewer
Water Source: Public

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.