Property Description

TRIPLEX with inviting front porches in prime Cleveland Heights location, just one block from Coventry and minutes to the hospitals and Case Western Reserve University is a great fit for OWNER-OCCUPANTS. The vacant first floor is a 3-bedroom, 1 bath unit. This unit has recently been refreshed with fresh paint, new flooring in the kitchen and bathroom, new light fixtures, faucets, etc., as well as replacement windows. The second floor was previously a 3-bedroom unit, but was converted by the previous owner-occupant into a 2-bedroom, 1 bath. The wall that was removed to create a larger bedroom could easily be replaced to return to a 3-bedroom unit. The 3rd floor is a proper 1 bedroom with private full bathroom and kitchenette (not a full kitchen). Unit 3 is FURNISHED and currently listed for rent for $1,000. Fair Market Rent for a 3-bedroom in this pocket of Cleveland Heights is $1350, bringing the annual gross rent potential to approximately $44K, EASILY beating the 1% Rule and 10-Cap requirement. Other features include: 3 electric meters and 3 gas meters, replacement WINDOWS on the 1st floor, NEWER mechanicals, and 2-car garage with automatic opener and additional parking pad in the back. The property will transfer POS-compliant.

Property Features

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