3430 Beechwood Avenue, Cleveland Heights, OH 44118

Property Description

Turnkey Triplex in the heart of Cleveland Heights, just minutes from vibrant Coventry Village. This is a true triplex with three water meters and three separate electrical panels, ideal for investors or a smart house hack. Live in one unit and let the others help cover your mortgage. The upper one bedroom is rented month to month at 800 per month, offering immediate income with flexibility. The two vacant two bedroom units have been fully renovated and feature flexible layouts. Connected off one of the bedrooms is an additional bonus room that could be used as an office, media room, walk in closet, or even a third bedroom. New windows were installed on the first floor. Major updates include furnaces from 2020 and 2023, hot water tanks from 2007 and 2023, and newer electrical panels in the basement. All appliances stay. Market rents for renovated two bedroom units in the area range from 1300 to 1600 per month. With close proximity to Cleveland Clinic, University Hospitals Cleveland Medical Center, UH Rainbow Babies & Children’s Hospital, and the Louis Stokes Cleveland VA Medical Center, this property also presents strong midterm rental potential for traveling medical professionals.