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Great 3-unit investment opportunity in the historic Cedar Heights neighborhood of Cleveland Heights, just steps from the shopping, dining, and entertainment destinations at the top of Cedar Hill and conveniently located near schools, University Circle attractions, hospitals, Case Western Reserve University, and Downtown Cleveland. This income-producing property has the potential to generate approximately $3,625 per month in rental income and features a detached 3-car garage, 2 furnaces, 2 hot water tanks, and 2 central A/C units. The first and second-floor units are leased and offer identical layouts with 2 bedrooms, a full bath, living room, dining room, updated kitchen with granite countertops, and in-unit laundry. One unit also features a Viking range. The third-floor studio apartment is currently vacant and has been completely renovated, offering a flexible 1-bedroom layout, full bath, and all furniture included, creating an excellent opportunity for an owner-occupant, short-term rental, or additional long-term income. Laundry for the 3rd unit is available in the basement. RECENT UPDATES: Replaced roof (2023), tore down and rebuilt front porch & balcony (2024), completely remodeled 3rd floor (2021). INCLUDED are ALL kitchen appliances, washers/dryers, and 3rd-floor furniture.
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listed By
Agency Name: Engel & Völkers Distinct
Agency Contact: 440-568-0400, cleveland@evrealestate.com
Shown By
Agent Name: Melissa Birmingham
Agent Phone: (330) 429-8511
Agency Title: Burgan Real Estate