Property Description

Discover a prime investment opportunity in the heart of Cleveland Heights with this income-generating triplex. Built in 1900, the property features three units across three floors, offering a total of five bedrooms and three full bathrooms. The second-floor unit is currently tenant-occupied with a lease in place through April 2026 at $1,250 per month, providing immediate rental income, while the first and third floors are vacant?offering strong value-add potential through lease-up at current market rents. Each unit includes well-proportioned living and dining areas, ample natural light, and functional kitchens, making them attractive to prospective tenants. Additional features include a full basement with laundry, a detached two-car garage, and off-street parking?amenities that further enhance rental appeal. Situated on a 0.13-acre lot south of Cedar Road and north of North Park Boulevard, the property is conveniently located near shopping, parks, medical services, and major amenities, supporting consistent tenant demand. Utilities are separately metered, with tenants responsible for their own usage, while the owner covers sewer and water?helping streamline expense management. A Point of Sale inspection has been ordered, and the property will transfer with a clean POS. Whether you're looking to expand your portfolio or capitalize on a value-add opportunity, this triplex offers strong income potential and long-term upside.

Property Features

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