Description
Welcome to this large, fully occupied triplex located in Cleveland’s West Boulevard community, just south of Lakewood and north of Brooklyn. This income-producing property offers an excellent opportunity for investors seeking immediate cash flow with additional rental upside. The property currently generates $2,144.75 in monthly rental income with two long-term tenants, providing a solid history of consistent occupancy. All three units offer spacious layouts, with Unit 1 featuring 3 bedrooms and 1 bathroom and currently renting for $1,100 per month. Unit 2 is also a spacious 3-bedroom, 1-bathroom unit currently renting for $1,044.75 per month, while Unit 3 offers 2 bedrooms and 1 bathroom and is currently Vacant with rent potential of $1,000 +. Current rents leave room for future growth as they are below potential market rents, giving the next owner an opportunity to increase income over time. The property also features a 4-car garage and a brand-new roof, adding significant value and appeal for both investors and tenants. Conveniently located near restaurants, retail, hospitals, and other everyday amenities, the property is just a short drive from Lake Erie and Downtown Cleveland. With large units, full occupancy, established rental income, long-term tenants, a new garage roof, and rental upside, this property is a strong addition to any investment portfolio and offers the potential for both immediate income and long-term appreciation.
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8BEDS
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0.14ACRES
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3BATHS
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01/2 BATHS
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3,527SQFT
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$72$/SQFT
Description
Welcome to this large, fully occupied triplex located in Cleveland’s West Boulevard community, just south of Lakewood and north of Brooklyn. This income-producing property offers an excellent opportunity for investors seeking immediate cash flow with additional rental upside. The property currently generates $2,144.75 in monthly rental income with two long-term tenants, providing a solid history of consistent occupancy. All three units offer spacious layouts, with Unit 1 featuring 3 bedrooms and 1 bathroom and currently renting for $1,100 per month. Unit 2 is also a spacious 3-bedroom, 1-bathroom unit currently renting for $1,044.75 per month, while Unit 3 offers 2 bedrooms and 1 bathroom and is currently Vacant with rent potential of $1,000 +. Current rents leave room for future growth as they are below potential market rents, giving the next owner an opportunity to increase income over time. The property also features a 4-car garage and a brand-new roof, adding significant value and appeal for both investors and tenants. Conveniently located near restaurants, retail, hospitals, and other everyday amenities, the property is just a short drive from Lake Erie and Downtown Cleveland. With large units, full occupancy, established rental income, long-term tenants, a new garage roof, and rental upside, this property is a strong addition to any investment portfolio and offers the potential for both immediate income and long-term appreciation.