BEDS5
BATHS3 full
MLS#5198660
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOtis
SCHOOLCleveland Municipal - 1809
Property Description
ttention savvy investors and portfolio builders! This vacant 3-unit multi-family property is the perfect buy-and-hold addition to your Cleveland portfolio. Located in an area with steady rental demand, this tri-plex offers a blank canvas to renovate and achieve top-of-market rents. With Cleveland's average 2-bedroom rents currently climbing toward $1,750+, the income potential here is substantial. The property is being sold AS-IS, allowing you to choose your finishes and build equity from day one. Configuration: 3 Units (Ready for a full refresh) Status: 100% Vacant No tenant headaches, start work tomorrow! Potential: Pro-forma Cap Rate of 10%+ once stabilized. Location: Minutes from Detroit Shoreway and Clark-Fulton Areas, and easy highway access. Bring your flashlight and your contractor.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,000 / year
Year Built: 1905
Feature Descriptions
Exterior: Vinyl Siding
Lot Dimensions:
Parcel#: 016-06-074
Parking: Off Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: I Heart Real Estate, LLC.
Agency Contact: 800-259-7670, cstevens@iheartreal.estate
Shown By
Agency Title: Red Rock Real Estate
Agency Phone: 330-353-1223
Estimate Your Payment
Estimated Payment
$ 464.90 per month $356.77 Principal & Interest $83.33 Property Tax $24.79 Homeowner's Insurance