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Key Details
Sold Price $195,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,242 sqft
Price per Sqft $86
Subdivision Bethuel Fish Heirs
MLS Listing ID 4501240
Sold Date 12/04/23
Bedrooms 5
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,242
Year Built 1914
Annual Tax Amount $1,440
Lot Size 5,000 Sqft
Acres 0.1148
Property Description
Introducing a great investment opportunity in the thriving westside of Cleveland: a well -maintained 3-unit property consisting of (2) two-bedroom/1-bathroom units and a 1-bedroom/1-bathroom unit. This property has a stable and secure income stream, with all units currently rented to subsidized (EDEN) tenants. The first two units, both 2/1, fetch $1,290 in monthly rent, and their leases extend until July 30th, 2024 and April 30th, 2024, respectively. The third unit, a 1/1 layout, brings in a solid $1,000 in rent with a lease agreement in place until March 2024. This property has undergone a series of cosmetic updates, ensuring its appeal and value remain high. Recent updates include the installation of vinyl plank flooring, modernized bathrooms and kitchens, upgraded electrical systems, and the addition of newer hot water tanks. The owner pays for all utilities, which typically amount to a reasonable $550-600 per month. Don't miss the chance to add this turnkey investment to your portfolio and enjoy a steady stream of income with minimal hassle.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry None
Exterior
Garage No Garage, Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Building
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 014-05-002
Acceptable Financing Cash, Conventional, Trade
Listing Terms Cash, Conventional, Trade
Financing Cash
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Bought with Ryan McCullough • RE/MAX Above & Beyond