4109 E 127th Street
Property Description
Fantastic turnkey investment opportunity in Cleveland's East Side! This well-maintained, fully occupied triplex is an excellent addition to any investor's portfolio, offering immediate cash flow, stable rental income, and numerous recent improvements. Featuring 3 units, Units 1 & 2 has 2 beds and 1 bath, meanwhile Unit 3 has 1 bed and 1 bath, each with their spacious living room, functional kitchen with adjoining dining room. The basement offers additional storage or future value add potencial. Plus a detached 2 -car garage. The current monthly rents are $1,000, $1,100, and $850, a total of $2,950 per month, all on a 12-months-lease. Each unit is separately metered, providing added convenience and efficiency for property management, while the basement features designated laundry areas for each unit, offering additional functionality and convenience for tenants. The property has undergone extensive interior and exterior renovations, including newer windows, updated electrical systems, newer hot water tanks, fresh paint, and newer mechanicals, helping reduce immediate maintenance concerns. Additionally, a completed 10-year lead abatement adds another valuable improvement to this investment. Conveniently located on Cleveland's East Side, the property offers easy access to major highways, public transportation, employment centers, shopping, restaurants, schools, parks, and surrounding neighborhoods. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Whether you're expanding an existing rental portfolio or looking for a multifamily investment with immediate income, this fully occupied triplex offers an appealing combination of cash flow, convenience, and long-term investment potential. Don't miss this opportunity! No wholesalers. No Seller financing. No low ball offers.
Broker Details
RE/MAX Haven Realty (216) 332-0456
MLS ID: 2014004734 State License Number: 2014004734
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $199,999 |
| Year Built: | 1919 |
| Lot Size: | 2,075.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 3 |
ID: 3yd-NEOHREXOH-5251314
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