BEDS7
BATHS4 full
SQUARE FEET2,159
MLS#5194288
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONAlexander Macinthosh Allotment
SCHOOLCleveland Municipal - 1809
Property Description
Stylishly rehabbed triplex is conveniently located minutes from Downtown Cleveland, Cleveland State University and The Cleveland Clinic's main campus. Completely remodeled 3-unit in 44103 has been grossing $3,500/month or $42,000/year! This property EASILY beats the 1% Rule and 10-Cap benchmark. Everything is new, from the roof, siding, vinyl windows, and new concrete parking pads and driveway to mechanicals and interior finishes. There are two units on the ground floor, each with 2-bedrooms and 1 bath. The entire second floor is a 3-bedroom unit with 2 FULL bathrooms and a covered porch. All three kitchens have new cabinets with granite counters and newer stainless steel appliances including fridge/freezer, range, dishwasher and microwave. Each of the three units has Central AC and in-unit washers and dryers. Owners pay all utilities and charge tenants a flat monthly fee. Total utility fees were generating $310/month when fully occupied. LEAD CERTIFICATE valid through April 2027.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.10 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $925 / year
Year Built: 1880
Feature Descriptions
Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Exterior: Vinyl Siding
Laundry: In Unit
Parcel#: 104-25-069
Parking: Parking Lot, Parking Pad
Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Premier Heights Realty LLC
Agency Contact: 216-860-0005, sophie@premierheights.com
Shown By
Agency Title: DeHOFF REALTORS
Agency Phone: 330-499-8153
Estimate Your Payment
Estimated Payment
$ 1,277.95 per month $1,126.50 Principal & Interest $77.08 Property Tax $74.38 Homeowner's Insurance
1615 E 47th Street | MLS# 5194288
This multi-family property located at 1615 E 47th Street , Cleveland, OH 44103 is currently listed for sale with an asking price of $255,000. E 47th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.dehoff.com today.