$205,000
$225,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
3 Baths
4,241 SqFt
SOLD DATE : 06/09/2025
Key Details
Sold Price $205,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,241 sqft
Price per Sqft $48
MLS Listing ID 5092761
Sold Date 06/09/25
Bedrooms 7
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 3,048
Year Built 1923
Annual Tax Amount $3,676
Tax Year 2023
Lot Size 6,991 Sqft
Acres 0.1605
Property Sub-Type Triplex
Property Description
This fully rented triplex is currently operating as a 2-family duplex but can easily be converted back to a 3-unit property. It generates a total of $2,780 per month in rental income, with the upper unit bringing in $1,490 and the lower unit at $1,290. The property offers 7 bedrooms, 3 in the lower unit, 3 in the middle unit, and 1 in the top unit providing ample space for tenants.
This is a turn-key investment opportunity! Recent improvements include a new garage door (2024), new hot water tank (2023), fresh paint in the second-floor unit (2024), side roof repair (2024), new plumbing in the basement (2023), and a new roof (2021). The property is equipped with two separate meters for gas and electric, and both units have recently passed CMHA inspections.
This is a great opportunity for an investor to start earning immediately in a desirable neighborhood. Buyer to assume POS. Act fast this one won't last long!
Location
State OH
County Cuyahoga
Rooms
Basement Common Basement, Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Detached, Garage, Paved
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 683-08-005
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
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Bought with Tzipora Sonnenschein • Berkshire Hathaway HomeServices Professional Realty
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