5 Beds
3 Baths
2,700 SqFt
5 Beds
3 Baths
2,700 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $22
Subdivision A J Marshs Sub
MLS Listing ID 5215582
Bedrooms 5
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,700
Year Built 1911
Annual Tax Amount $1,140
Tax Year 2025
Lot Size 3,850 Sqft
Acres 0.0884
Property Sub-Type Triplex
Property Description
This triplex presents an outstanding value-add opportunity for investors seeking their next BRRRR, renovation, or long-term cash-flow project. This triplex offers a flexible unit mix consisting of two 2-bedroom, 1-bath units on the first and second floors, plus a 1-bedroom, 1-bath unit on the third floor. Each unit features spacious living areas and kitchen space layouts, providing a strong foundation for improvements and future rental income. The property also includes a basement, offering additional storage space and potential value-add opportunities.
The third-floor unit benefits from separate electric service, baseboard heating, and its own electric water heater, providing added utility separation and management flexibility. With renovations and updates, investors have the opportunity to maximize rental performance and increase overall property value. Market rents are estimated at approximately $900 per month per unit, creating attractive income potential once stabilized.
Conveniently located in Cleveland, the property offers easy access to Interstate 90, downtown Cleveland, University Circle, Cleveland Clinic, University Hospitals, shopping centers, restaurants, public transportation, schools, parks, and everyday amenities.
Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors!
Whether you're looking to execute a BRRRR strategy, expand your rental portfolio, or reposition a multifamily asset for stronger returns, this triplex presents a compelling opportunity with significant upside potential!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplace No
Laundry In Basement
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 109-24-117
Acceptable Financing Cash, Other
Listing Terms Cash, Other
