UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,771 sqft
Price per Sqft $66
Subdivision Lorain Street & Denison Ave
MLS Listing ID 5241233
Bedrooms 7
Full Baths 4
Half Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 4,771
Year Built 1920
Annual Tax Amount $7,600
Tax Year 2025
Lot Size 10,789 Sqft
Acres 0.2477
Property Sub-Type Triplex
Property Description
Unit 1 features 3 bedrooms, 1.5 baths, and a bonus room off the rear bedroom. Unit 2 offers 3 bedrooms and 1.5 baths. Both include central air, dishwashers, and over-the-range microwaves and have been operated as successful short-term rentals producing exceptional net cash flow of $40k annually. Transferable management is already in place, giving the next owner the opportunity to continue the established rental operation without building it from the ground up.
Unit 3 features 1 bedroom, 2 full baths, a bonus room off the kitchen, and a long-term tenant currently paying $900/month. With one established tenant and two turnkey units with a proven short-term rental history, multiple income strategies are already at your fingertips.
For an owner-occupant, the opportunity is especially compelling: live in one spacious unit while income from the other two helps offset your monthly housing expenses. Build equity while putting your property to work for you.
Additional features include two divided basements offering substantial storage and repositioning potential, a detached 4-car garage, generous driveway parking, and street parking. The corner lot provides convenient side-street access, making entry and exit from West Boulevard easier while adding parking flexibility.
Located on tree-lined West Boulevard near highways, public transportation, shopping, dining, and neighborhood amenities. FHA and VA financing are welcome, creating an exceptional opportunity to combine homeownership with income-producing real estate.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling Central Air
Furnishings Unfurnished
Fireplace No
Appliance Dryer, Dishwasher, Range, Refrigerator, Washer
Exterior
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 017-09-041
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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