2186 E 89th Street, Cleveland, OH 44106
- $166,000
- 7
- BD
- 3
- BA
- 3,011
- SqFt
- Sold Price
- $166,000
- List Price
- $150,000
- Status
- CLOSED
- Days on Market
- 33
- Closing Date
- Dec 19, 2024
- MLS#
- 5085536
- Subtype
- Residential Income
- Year Built
- 1905
- Bedrooms
- 7
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 3,011
- Acres
- 0.18
- MLS Area Major
- Cleveland
Property Description
Located just minutes from Cleveland Clinic and the VA Hospital, this triplex is nestled in a thriving opportunity zone and just seconds from exciting new construction developments. The property features three units: a 3-bedroom, 1-bathroom unit; a 3-bedroom, 1-bathroom unit; and a studio apartment with 1 bedroom and 1 bathroom. With minor rehab finishes, this property is ready for an investor’s vision to maximize its potential. Fair market rents offer an estimated monthly rental income of $1,908 per larger unit and $1,248 for the studio apartment, for a total monthly income of $5,064 and an annual rental income of $60,768. This is a fantastic opportunity to generate significant passive income while capitalizing on the appreciation of a rapidly developing area. Schedule your showings today!
Additional Information
- Interior Features
- Ceiling Fan(s)
- Taxes
- $3,050
- Heating
- Gas
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- Garage
- Garage Spaces
- 2
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Alexys Jones, alexysjones@kw.com With Keller Williams Greater Metropolitan
Selling Office: Real Brokerage Technologies, Inc..Mortgage Calculator
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