2186 E 89th ST new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44106
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,011 sqft
Price per Sqft $49
MLS Listing ID 5085536
Bedrooms 7
Full Baths 3
Year Built 1905
Annual Tax Amount $3,050
Tax Year 2023
Lot Size 7750.000 Acres
Property Description
Located just minutes from Cleveland Clinic and the VA Hospital, this triplex is nestled in a thriving opportunity zone and just seconds from exciting new construction developments. The property features three units: a 3-bedroom, 1-bathroom unit; a 3-bedroom, 1-bathroom unit; and a studio apartment with 1 bedroom and 1 bathroom. With minor rehab finishes, this property is ready for an investor?s vision to maximize its potential.
Fair market rents offer an estimated monthly rental income of $1,908 per larger unit and $1,248 for the studio apartment, for a total monthly income of $5,064 and an annual rental income of $60,768. This is a fantastic opportunity to generate significant passive income while capitalizing on the appreciation of a rapidly developing area. Schedule your showings today!
Location
State OH
County Cuyahoga
Interior
Heating Gas
Cooling None
Exterior
Garage Garage
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Roof Type Asphalt,Fiberglass
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard