Investment Opportunity: Fully occupied 3-unit home generating $3,156 a month. Just about a 19.7% cap rate before expenses. Perfect for investors! This property offers three separate units, each providing comfortable living spaces. With a 100% occupancy rate, you'll step into an established income stream. Enjoy the stable monthly revenue and excellent cash flow potential. Located in a sought-after neighborhood with amenities nearby, this property guarantees high tenant demand. Don't miss out on this chance to secure your financial future – act now! Verify financial figures before investing. The rear down unit is currently rented at $770 not $848 but will be increased to $848 starting December first.
Sold for $173,500 on 11/15/23
$173,500
1427 E 51st St, Cleveland, OH 44103
6beds
2,460sqft
Triplex, Multi Family
Built in 1910
-- sqft lot
$137,500 Zestimate®
$71/sqft
$799 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 17, 2023 at 08:19am
Listing Provided by:
Katie McNeill katie@thekatiemcneillteam.com(440)796-5506,
Platinum Real Estate,
David Sladewski 440-669-8056,
Platinum Real Estate
Bought with:
Jeff D Ferrell, 2016001626
RE/MAX Infinity
Source: MLS Now,MLS#: 4494349
Originating MLS: LakeGeauga

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Gas, Hot Water, Steam
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Refrigerator, Washer
- Laundry: In Unit
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,460
- Total interior livable area: 2,460 sqft
- Finished area above ground: 2,460
Property
Parking
- Total spaces: 1
- Parking features: Paved
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,000 sqft
Details
- Parcel number: 10410039
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cleveland
- Subdivision: Remey & Herricks
Other
Other facts
- Listing terms: Assumable,Cash,Conventional,FHA,USDA Loan,VA Loan
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$137,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$137,500