2831 Avondale Avenue, Cleveland Heights, OH 44118

Property Description

Nicely updated triplex with Gross Annual Rents exceeding $41K in prime Cleveland Heights location... just a short walking distance to Coventry Village and a few minutes' drive to CWRU and the main campuses of both University Hospitals and The Cleveland Clinic. The first and second floors offer rare 3-bedroom units with remodeled bathrooms and kitchens, have a formal dining room with built-ins, a living room with decorative fireplace, as well as a sunroom for additional living space. The third floor is a large efficiency with vaulted ceilings, an updated kitchenette, and a remodeled bathroom with in-unit washer and dryer. The basement laundry is shared by the first and second floor tenants. Currently, the property is tenant-occupied, except for the 2nd floor unit which we are keeping vacant for both ease of showing and for a potential owner-occupant. Unit 1 is rented for $1300 through July 31. Unit 2 was rented for $1365, but is currently vacant. Unit 3 is rented for $765 through June 30. Gross Annual Rents were $41,160 ($3,430/month). All mechanicals, roof, etc are in good working order. Numerous windows have already been replaced with vinyl. All kitchen and laundry appliances will convey. Property will transfer POS-compliant.