$173,500
$179,700
3.5%For more information regarding the value of a property, please contact us for a free consultation.
1427 E 51st ST Cleveland, OH 44103
6 Beds
4 Baths
2,460 SqFt
Key Details
Sold Price $173,500
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,460 sqft
Price per Sqft $70
Subdivision Remey & Herricks
MLS Listing ID 4494349
Sold Date 11/15/23
Bedrooms 6
Full Baths 3
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 2,460
Year Built 1910
Annual Tax Amount $702
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type Triplex
Property Description
Investment Opportunity: Fully occupied 3-unit home generating $3,156 a month. Just about a 19.7% cap rate before expenses. Perfect for investors! This property offers three separate units, each providing comfortable living spaces. With a 100% occupancy rate, you'll step into an established income stream. Enjoy the stable monthly revenue and excellent cash flow potential. Located in a sought-after neighborhood with amenities nearby, this property guarantees high tenant demand. Don't miss out on this chance to secure your financial future – act now! Verify financial figures before investing. The rear down unit is currently rented at $770 not $848 but will be increased to $848 starting December first.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Gas, Hot Water, Steam
Cooling Window Unit(s)
Fireplace No
Appliance Dryer, Refrigerator, Washer
Laundry In Unit
Exterior
Parking Features Paved
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 104-10-039
Acceptable Financing Assumable, Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Assumable, Cash, Conventional, FHA, USDA Loan, VA Loan
Financing Other
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Bought with Jeff D Ferrell • RE/MAX Infinity