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$149,900   Price Analysis
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3645 Hildana Rd
Shaker Heights, OH 44120
6 bed 2 bath 2,736 SqFt ($54/SqFt)
6,403SqFt lot. Built 1925
Listed 2024-07-17, Taxes $3,605
Ⓧ USDA Ineligible
due to location

near Shaker Heights

Discover a rare investment opportunity with this value-add duplex in sought-after Shaker Heights!

This property features one occupied unit rented for $995 per month on a month-to-month lease that expires on October 31st 2024. The first floor hosts a open 3-bedroom, 1-bath unit, while the second floor mirrors this layout and includes an additional 1-bedroom, 1-bathroom in the attic. This verstile space can either extend the second-floor unit or serve as a separate third unit.

Currently zoned as a two-family property, it requires cosmetic updates, including a new kitchen and bathroom on the first floor due to previous damage. With these updates, pro forma rents are expected to reach at least $1, 200 for each 3-bedroom unit and $700 for the third-floor space. If Section 8 tenants are considered, the rental income potential could be even higher. Dont miss this chance to maximize your returns with strategic improvements in this prime location!


Presented by Tal Tamir at
Russell Real Estate Services.


Property MLS #5054250 from MLSNOW

Bedrooms: 6

Total Bathrooms: 2
Full Bathrooms: 2

Heating Features: ForcedAir
Heating: Yes

Basement Description: Full, Unfinished

Lot Size Acres: 0.147
Lot Size Source: Assessor
Lot Size Square Feet: 6403

Garage Spaces: 2
Parking Features: Detached, Garage

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1

Elementary School District: Shaker Heights CSD - 1827
High School District: Shaker Heights CSD - 1827
Middle or Junior School District: Shaker Heights CSD - 1827

Shaker Heights High School is a public high school located approximately 0.9 miles away.
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Woodbury Elementary School is a public elementary school located approximately 1.2 miles away.
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Shaker Heights Middle School is a public middle school located approximately 2.1 miles away.
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Archbishop Lyke-St Henry Campus is a private elementary school located approximately 1.2 miles away.
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Annual Tax Amount: 4566
Source Listing Status: Active
County: Cuyahoga
Directions: South of HWY 422
Tax Year: 2023
Source Property Type: ResidentialIncome
Source Neighborhood: Rapid Transit Land Cos Shaker
Parcel Number: 735-24-006
Subdivision: Rapid Transit Land Cos Shaker
Township: Shaker Heights
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$33,640 + $5,810
$39,450
$3,605
2021$33,640 + $5,810
$39,450
$3,442
2020$32,340 + $5,600
$37,940
$3,468
2019$32,340 + $5,600
$37,940
$3,420
2018$32,340 + $5,600
$37,940
$3,439
2017$30,730 + $7,320
$38,050
$3,623
2016$30,730 + $7,320
$38,050
$3,481
2015$30,730 + $7,320
$38,050
$3,394
2014$30,140 + $7,180
$37,320
$3,437
2013$30,140 + $7,180
$37,320
$3,203
2012$29,090 + $8,160
$37,250
$3,146
2012$30,140 + $7,180
$37,320
$3,146
2010$29,090 + $8,160
$37,250
$3,063
2009$29,090 + $8,160
$37,250
$2,807
2008$31,255 + $8,785
$40,040
$2,825
2007$31,260 + $8,790
$40,050
$2,848

Listed 2024-07-17
$149,900
MLSNOW
Sold 1978-06-01
$39,500
Public Record

Total Square Feet Living: 2736
Year Built: 1925
Above Grade Finished Area: 2736
Above Grade Finished Area Source: Assessor
Construction Materials: AluminumSiding, VinylSiding
Levels: ThreeOrMore
Living Area Units: SquareFeet
Property Age: 99
Property Condition: UpdatedRemodeled
Roof: Asphalt, Fiberglass, Shingle
Year Built Source: PublicRecords

Sewer: PublicSewer
Water Source: Public
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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.