My Company's Active Listings

$150,000 (USD)
Pending

Woodhill Park Sands Allotment Area Multi-Family Home

Pending

12804 Imperial Avenue Cleveland, OH 44120

6 Bed
3 Baths
2667 sqft
MLS# 5119526
Turn-Key Triplex Investment! Welcome to 12804 Imperial Avenue, a fully turn-key triplex offering excellent cash flow and minimal maintenance from day one. This asset has been extensively renovated and top level is primed to pass Section 8 inspection—making it ideal for investors seeking reliable, stable income! Down unit recently vacated.
Recent updates include a complete exterior and interior scrape and fresh paint, and the property has passed city lead inspection (lead-safe certificate expected in ~3 months). Inside, you'll find new LVP flooring and carpet throughout, along with some windows replaced—with the remainder in full working order. Full list of 36-itemized scope of work completed during the current ownership's rehab in MLS supplements.
The unit mix includes:
Two 2 bed / 1 bath units with dining room, living room and private porches!
One 1 bed / 1 bath third-floor unit! All units have private entrances! Long driveway with ample parking, partially fenced in backyard!
Rental Breakdown:
Unit 1 vacant, was renting at $1K sec 8.
Second 2-bed unit: CASH $925
The third level is ready to go with a 1-bed unit is recommended to rent for $600/month to a cash-paying tenant or more with sec 8. Projected gross rent fully leased: $2,600/month, offering an impressive 18–21% cash-on-cash return.
Roof 2016, hot water tanks and furnaces within last 5 years.
This is a rare opportunity to acquire a high-yield, with all the heavy lifting already done. Close to parks, recreation, restaurants, freeway access, hospitals, shopping and more! Contact listing agent today for your private tour or with questions!
Listing Courtesy of YES MLS / Coldwell Banker Schmidt Realty / Leilani Bowersock