Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: mikearko@kw.com, 440-520-4270
Shown By
Agent Name: Krista Combs
Agent Phone: (330) 603-2823
Agency Title: Cutler Real Estate
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Property Description
Turnkey investment opportunity in one of Cleveland's strongest rental markets! This fully rent-ready triplex offers immediate income with significant upside. The first-floor unit is currently leased at $1,000 per month on a month-to-month basis, providing instant cash flow while allowing the next owner flexibility to adjust rents or occupancy as desired. The two additional one-bedroom, one-bathroom units are vacant, move-in ready, and primed for immediate leasing, giving investors the opportunity to quickly increase monthly income. Whether you're looking to expand your rental portfolio or purchase your first multifamily investment, this is a true plug-and-play opportunity with minimal upfront work required. All three units are in rent-ready condition, allowing you to focus on maximizing returns instead of renovations. Conveniently located near Downtown Cleveland, University Circle, the Cleveland Clinic, and major highways, this property benefits from strong rental demand and excellent long-term investment potential. Don't miss your chance to own a cash-flowing asset with immediate value-add through leasing the vacant units.
Property Features
Property Type: Multi Unit - Multiple
Basement: Common Basement, Crawl Space
Basement: Yes
Cooling: None
Garage: 3
Heating: Forced Air
Lot Size: 0.13 Acres
Roof Type: Asbestos Shingle
Stories: 2.0
Taxes: $712 / year
Year Built: 1900
Feature Descriptions
Parcel#: 104-24-046
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Estimate Your Payment
Estimated Payment
$ 789.70 per month $691.02 Principal & Interest $59.33 Property Tax $39.35 Homeowner's InsuranceChange Payment Information
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1522 E 47th Street | MLS# 5232672
This multi-family property located at 1522 E 47th Street, Cleveland, OH 44103 is currently listed for sale with an asking price of $134,900. E 47th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.kristacombs.com today.