UPDATED:
11/09/2024 09:06 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,899 sqft
Price per Sqft $38
Subdivision Betts & Ribbins
MLS Listing ID 5080820
Bedrooms 8
Full Baths 3
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 3,899
Year Built 1900
Annual Tax Amount $3,248
Tax Year 2023
Lot Size 9,151 Sqft
Acres 0.2101
Property Description
Are you looking to enhance your rental portfolio or live in one unit while earning rental income from the others? This property presents an exceptional opportunity!
This unique investment features a front duplex with substantial income potential. The downstairs unit is a spacious 3-bedroom, 1-bathroom residence currently rented to a long-term tenant for $700 per month. The upstairs unit, a recently updated 2-bedroom, 1-bathroom space, is freshly painted and ready for a new tenant, with potential rental income of $950 to $1,000 per month.
Additionally, the property includes a 3-bedroom, 1.5-bathroom single-family home at the back of the lot. This unit requires renovation, but once completed, it could generate an extra $1,100 to $1,300 per month.
With a total potential income of $2,500 to $3,000 per month, this property is a fantastic investment opportunity that you won’t want to miss!
This property features two distinct buildings.
- **Front Building Duplex:** The upstairs unit is readily accessible for showings.
- **Back Building SFH:** This unit requires a complete renovation. Showings for the back house can only be conducted with a signed waiver release emailed to the listing agent.
The lower unit in the front building is currently rented to a long-term tenant and will only be available for viewing once the property has an accepted offer. Please respect the tenant's privacy and do not disturb them.
**Utilities:** The tenants cover all utilities except for water and sewer.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished, Walk-Out Access
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Garage Driveway
Waterfront No
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 015-24-051
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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