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Key Details
Sold Price $125,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $50
Subdivision Lake Shr Blvd Sub/J Laron
MLS Listing ID 5120195
Sold Date 07/16/25
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,500
Year Built 1920
Annual Tax Amount $1,706
Tax Year 2024
Lot Size 3,963 Sqft
Acres 0.091
Property Sub-Type Triplex
Property Description
Great investment property in the Waterloo district close to downtown Cleveland which can collect $2350 per month or more. This Triplex was updated in 2024 including new floors, new paint, some new windows, new fridge and stove and a new furnace for the second-floor unit. This unit is vacant and can be rented out for $1000.
The updates on the third floor include newer floors, fresh paint, new kitchen cabinets and appliances, new windows, new water tank and baseboard heaters and is rented for $750 month-to-month.
The first-floor unit is occupied by a long-term tenant (who wants to stay) and may need some updates when he is moving out. Current rent $600 month-to-month.
The vacant unit on the second floor and the basement are easy to show and the occupied units can be shown after an accepted offer.
Location
State OH
County Cuyahoga
Community Laundry Facilities, Medical Service, Sidewalks
Interior
Heating Forced Air
Cooling None
Fireplace No
Appliance Range, Refrigerator
Laundry Washer Hookup, Electric Dryer Hookup, In Basement
Exterior
Parking Features Driveway
Community Features Laundry Facilities, Medical Service, Sidewalks
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 112-21-058
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Saundra Clay • Key Realty