Discover a prime investment opportunity in the heart of Cleveland Heights with this income-generating triplex. Built in 1900, the property features three units across three floors, offering a total of five bedrooms and three full bathrooms. The second-floor unit is currently tenant-occupied, and a new lease is in place beginning in June for one year at $1,450 per month, providing immediate rental income. The first and third-floor units are vacant, offering additional income potential or flexibility for owner occupancy.
Each unit includes well-proportioned living and dining areas, ample natural light, and functional kitchens, making them attractive to prospective tenants. Additional features include a full basement with laundry, a detached two-car garage, and off-street parking—amenities that further enhance rental appeal.
Situated on a 0.13-acre lot south of Cedar Road and north of North Park Boulevard, the property is conveniently located near shopping, parks, medical services, and major amenities, supporting consistent tenant demand. Utilities are separately metered, with tenants responsible for their own usage, while the owner covers sewer and water—helping streamline expense management.
A Point of Sale inspection has been ordered, and the property will transfer with a clean POS. Whether you're looking to expand your portfolio or capitalize on a value-add opportunity, this triplex offers strong income potential and long-term upside.
101 days
|
156
|
5
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Zillow last checked:
Listing updated:
Listed by:
Uday T Patel216-780-7000patelutp@yahoo.com,
Keller Williams Greater Metropolitan,
Patrick Lambert216-780-6786,
Keller Williams Greater Metropolitan
Source: MLS Now,MLS#: 5201061Originating MLS: Akron Cleveland Association of REALTORS
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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