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$ 299,000
Est. payment | /mo
4 Beds
3 Baths
5,850 Sqft Lot
$ 299,000
Est. payment | /mo
4 Beds
3 Baths
5,850 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Subdivision Van Sweringen Cos Sub #23
MLS Listing ID 5068428
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1926
Annual Tax Amount $7,219
Tax Year 2023
Lot Size 5,850 Sqft
Acres 0.1343
Property Description
This spacious 3-unit apartment building offers a fantastic opportunity for both investors and owner-occupants. The second-floor unit has been completely remodeled, featuring two large bedrooms, a living room, and a dining room. The kitchen is brand new with modern appliances, new flooring, and updated electrical fixtures, while the rest of the unit boasts refinished hardwood flooring. The second-floor unit is move-in ready and can be rented for $1,400 to $1,600 per month, making it ideal for someone who wants to live in the unit while rental income from the other units covers a significant portion of the mortgage. The first-floor unit is currently rented at $900 per month, which is below market rent, offering potential for increased returns. Additionally, the third-floor loft is rented at $600 per month, also below market rent. Located in a highly desirable area, this property is perfect for students and professionals alike. Whether you're looking for an income-generating investment or a place to call home while benefiting from rental income, this property offers a great opportunity for growth.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Detached, Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Shaker Heights Csd - 1827
Others
Tax ID 735-19-035
Listed by Uday T Patel • Keller Williams Greater Metropolitan • patelutp@yahoo.com 216-780-7000
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