$379,900

About this home

Great 3-unit investment opportunity in the historic Cedar Heights neighborhood of Cleveland Heights, just steps from the shopping, dining, and entertainment destinations at the top of Cedar Hill and conveniently located near schools, University Circle attractions, hospitals, Case Western Reserve University, and Downtown Cleveland. This income-producing property has the potential to generate approximately $3,625 per month in rental income and features a detached 3-car garage, 2 furnaces, 2 hot water tanks, and 2 central A/C units. The first and second-floor units are leased and offer identical layouts with 2 bedrooms, a full bath, living room, dining room, updated kitchen with granite countertops, and in-unit laundry. One unit also features a Viking range. The third-floor studio apartment is currently vacant and has been completely renovated, offering a flexible 1-bedroom layout, full bath, and all furniture included, creating an excellent opportunity for an owner-occupant, short-term rental, or additional long-term income. Laundry for the 3rd unit is available in the basement. RECENT UPDATES: Replaced roof (2023), tore down and rebuilt front porch & balcony (2024), completely remodeled 3rd floor (2021). INCLUDED are ALL kitchen appliances, washers/dryers, and 3rd-floor furniture. The driveway is split. Please do not park in the driveway for showings or to inquire about the property.

Property details

MLS #

5219357

Property type

Triplex

Subdivision

Cedar Heights Allotment

Status

Active

Days on market

7

On market date

N/A

Stories

3

Garage spaces

3

Lot size

0.1267 acres

Nearby schools

Within 10 miles · public school directory data (NCES)