Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: nmchale@kw.com, 440-409-2834
Shown By
Agent Name: Krista Combs
Agent Phone: (330) 603-2823
Agency Title: Cutler Real Estate
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Property Description
Turnkey Legal Triplex in Cleveland Heights Excellent investment opportunity with immediate cash flow and cap rate. This well-maintained legal triplex features 3 units each with 2 bedrooms, 1 bath. 2 rooms are occupied and 1 is move-in-ready available for tenant or owner occupancy. Current rents: Unit 1: $1,300/month (occupied) 1680 sq ft, 2 bedroom, +bonus room, 1 bath, lease until 6/30/27 Unit 2: $1,275/month (occupied) 1680sq ft, 2 bedroom +bonus room, 1 bath, lease until 3/31/27 Unit 3: $975/month (listed) 840 sq ft, 2 bedrooms, 1 bath Total full rent: $3,550 Recent Updates: new flooring on 2nd unit, new hallway stairs, a full electrical rewire completed in 2023, windows repaired/repainted, basement painted, new water heater, new 3rd floor heaters. Property previously passed owner inspection in 2023 (including redone garage floor and garage wall). Lead certification nearly complete (paint scraped, repainted, currently waiting on lab results). POS inspection pending. Location: near Case Western Reserve University, University Circle hospitals, Coventry Village, and Little Italy, making it highly attractive to students and healthcare professionals.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Cooling: None
Garage: 2
Heating: Forced Air, Gas
Lot Size: 0.14 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $9,996 / year
Year Built: 1920
Feature Descriptions
Exterior: Aluminum Siding, Vinyl Siding, Wood Siding
Laundry: Common Area
Parcel#: 684-01-063
Parking: Paved
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Hts-Univer - 1810
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Estimated Payment
$ 2,460.67 per month $1,540.20 Principal & Interest $833.00 Property Tax $87.47 Homeowner's InsuranceChange Payment Information
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2827 Avondale Avenue | MLS# 5213141
This multi-family property located at 2827 Avondale Avenue, Cleveland Heights, OH 44118 is currently listed for sale with an asking price of $299,900. Avondale Avenue is located within the Cleveland Hts-Univer - 1810 school district. Search Cleveland Heights real estate on www.kristacombs.com today.