$312,000

Steps from the Cedar Lee corridor one of Cleveland Heights most walkable and sought-after neighborhoods, with restaurants, boutiques, and transit all within easy reach. This 3-unit property has immediate income in place with room to grow. Unit 1 occupied rented at 1,250 25 pet fee Recently renovated, oversized private patio. Comparable units in the area support 1,300mo. Tenant on one year lease.Unit 2 vacant move-in ready Recently renovated, Identical layout and finishes to Unit 1, same oversized patio. An owner-occupant living here would have the other two units covering housing costs entirely. Can also be leased at 1,300mo from day one.Unit 3 occupied rented at 575 Studio unit, currently below area comps. Similar studios nearby support 750mo. Month to month tenant.At full occupancy with upside rents, gross monthly income exceeds 3,350. The new roof in the last 4-7 years. 1 furnace is updated, 1 is older. Bradford hot water tanks. Brand new garage. Solid bones, strong location, and value-add upside already in place. A POS estimated around 3k will be passed on to the buyer. A compelling addition to any portfolio, or a nice way to reduce housing costs by living in one unit. Some photos have been virtually rendered.
beycome.com
beycome.com Listing ID: BEYC17086575.
You can contact the owner directly at: 844-799-7886, ext: 17086575.
For more information and pictures visit https://www.beycome.com.
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