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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

    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.

    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#: 4494349MLS LogoOriginating 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