Listed By
Agency Name: Premier Heights Realty LLC
Agency Contact: 216-860-0005, sophie@premierheights.com
Shown By
Agent Name: Krista Combs
Agent Phone: (330) 603-2823
Agency Title: Cutler Real Estate
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Property Description
Triplex available on the Cleveland-Euclid border EASILY beats the 1% Rule and 10-Cap requirement with a potential of nearly $4K a month GRI once fully rented!! Investors and House-Hackers... If you are looking for a property with great cashflow to add to your portfolio, or want to start investing with an easy property, this is THE ONE for YOU!! The Front Unit features 2 bedrooms. Currently rented for $1050 through 12.11.26, the rent potential is much higher, with CMHA paying up to $1333 for a 2-bedroom in 44119. The Back Unit is an efficiency that has no kitchen or kitchenette. It is offered furnished and currently rented through Airbnb for approximately $1350/month. The Up Unit features 2 bedrooms and 1 bath, and could generate another $1333 each month, making the total annual rent income around $48K (the furnishings in this unit will convey, as well. As a furnished short or mid-term rental, this unit could generate $1800-2000 each month). Property has a valid LEAD Certificate. Additional features: glass block throughout the basement, aluminum siding and vinyl windows for low maintenance, updated electrical panels with romex, security system with cameras, EV charger, and a BRAND NEW ROOF (2026).
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: Window Unit(s)
Garage: 2
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,810 / year
Year Built: 1923
Feature Descriptions
Appliances: Range, Refrigerator
Exterior: Aluminum Siding
Parcel#: 114-15-038
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,371.14 per month $1,075.72 Principal & Interest $234.17 Property Tax $61.25 Homeowner's InsuranceChange Payment Information
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18606 Cherokee Avenue | MLS# 5232350
This multi-family property located at 18606 Cherokee Avenue, Cleveland, OH 44119 is currently listed for sale with an asking price of $210,000. Cherokee Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.kristacombs.com today.