Description
Don't miss this excellent opportunity to add a professionally managed, income-producing triplex to your investment portfolio. This well-maintained colonial features three residential units, including two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath attic/cockloft apartment. Downstairs unit is a 2 bedroom 1 bath configuration currently leased at $850 per month to a tenant who would like to remain, providing immediate rental income from day one. The upstairs unit is another 2 bedroom 1 bath that is rent-ready and are actively being marketed for new tenants, offering the opportunity to increase cash flow immediately after closing. The third unit/attic unit is currently rented for $400 a month. Professional property management is already in place, making this an ideal acquisition for both seasoned and first-time investors. All the leases are full years' lease renewed Jan 2026. The property with some minor TLC will be perfect for any investor. There are no known issues with the roof, electrical or plumbing. Buyer/owner is responsible for water & sewer, taxes. NO WHOLESALERS, VESTED CONTRACTS or creative financing or exit strategies. ALL OFFERS MUST INCLUDE PROOF OF FUNDS NO ASSIGNMENT CONTRACTS. Earnest money will NOT be delayed until after inspections, due diligence, or contingency periods. Failure to timely deposit earnest money will constitute a default under the purchase agreement. Seller is willing to sell 16902 Endora, 115121 Temblet Ave (To be listed), 822 Marion SW, Akron, to be sold as a package. Please reach out to the listing agent for details. Serious, qualified buyers only. Seller reserves the right to reject any offer that does not comply with these requirements.
Details
| MLS # | 5229289 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 36 |
| Listing Provided By | Keller Williams Greater Metropolitan | Cliff Louis |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,474 |
| Basement | Y |
| Story(s) | 2 |
| Building(s) | 1 |
| Acreage | 0.13 |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
Taxes
| Tax Annual Amount | 2479 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44112 |
| Community Name | Colonial Heights |
| Listing VS Median (in Colonial Heights) | |
Price: $142,000 low | high Med: $155,950 sqft: 3,474 low | high Med: 2,657 $ / sqft: $41 low | high Med: $67 On site: 36 low | high Med: 62.5 | |
Market Activity 44112
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44112 |
| Community Name | Colonial Heights |
| Listing VS Median (in Colonial Heights) | |
Price: $142,000 low | high Med: $155,950 sqft: 3,474 low | high Med: 2,657 $ / sqft: $41 low | high Med: $67 On site: 36 low | high Med: 62.5 | |