Property Description

This income-producing multifamily offers three separate rentable spaces with strong cash-flow potential and value-add upside. The first-floor unit mirrors the second-floor layout with 2 bedrooms, 1 full bath, oversized living room, and large kitchen, with light cosmetic improvements needed after the recent tenant move-out, giving the next owner a clear opportunity to increase rents through minor updates. The second-floor unit is in solid condition and offers 2 bedrooms, 1 full bath, a spacious living room, large kitchen, carpeted living areas, and its own dedicated furnace for separate temperature control. The third-floor studio suite is a standout feature, complete with a small kitchen, full bathroom, and electric heat, making it an ideal affordable rental for a tenant seeking a simple, low-maintenance living setup with predictable utility costs.Additional exterior features include wood and vinyl siding, a welcoming front porch and side porch, asphalt driveway, on-street and off-street parking, a detached 2-car garage, partially fenced backyard, and grassy area next to the garage. The basement is equipped with two hot water tanks, two electric panels, and a dedicated furnace for the first floor, while the third-floor studio is heated by electric baseboard heat. Located near major hospitals, museums, public transit, downtown Cleveland access, and one of the strongest rental demand corridors on the east side, this property is an excellent opportunity for an investor looking for multiple income streams, strong tenant demand, and long-term appreciation at an attractive price point.

Property Features

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