Description
Investors take note! Looking for a TURN KEY rental property that is low maintenance, producing cash flow and in an excellent location in North Cleveland? Then this triplex is perfect for you! Total monthly rent is $2700, with potential for future rent increases. Cap rate exceeding 7%. Enjoy 100% occupancy with long term tenants in place from day one. Tenants are currently on a month to month lease, allowing the new homeowner a ton of flexibility to continue renting to the great tenants already in place or house hack and move in into one of units. This property is an ideal opportunity for investors. Its low maintenance, all brick exterior sits on a flat half acre lot and has plenty of parking for each unit. It was updated three years ago, with a new roof, gutters, LVP flooring, fresh paint and other interior updates as well. Each unit has one large bedroom and one full bathroom with an eat in kitchen and living room with great light throughout. One of the end units has the added bonus of an attached one car garage that is extra long and deep. You don't want to miss the opportunity to add this triplex to your rental portfolio. Call and schedule a showing today!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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1,925SQFT
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$187$/SQFT
School Information
Description
Investors take note! Looking for a TURN KEY rental property that is low maintenance, producing cash flow and in an excellent location in North Cleveland? Then this triplex is perfect for you! Total monthly rent is $2700, with potential for future rent increases. Cap rate exceeding 7%. Enjoy 100% occupancy with long term tenants in place from day one. Tenants are currently on a month to month lease, allowing the new homeowner a ton of flexibility to continue renting to the great tenants already in place or house hack and move in into one of units. This property is an ideal opportunity for investors. Its low maintenance, all brick exterior sits on a flat half acre lot and has plenty of parking for each unit. It was updated three years ago, with a new roof, gutters, LVP flooring, fresh paint and other interior updates as well. Each unit has one large bedroom and one full bathroom with an eat in kitchen and living room with great light throughout. One of the end units has the added bonus of an attached one car garage that is extra long and deep. You don't want to miss the opportunity to add this triplex to your rental portfolio. Call and schedule a showing today!
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