10117 Somerset Avenue, Cleveland, OH 44108

Property Description

ATTENTION INVESTORS! Affordable, turnkey triplex opportunity in the rapidly developing University Circle/Wade Park area, known for strong rental demand & continued appreciation. Prime location just minutes from major college & medical campuses—approximately a 2-minute drive or 5-minute walk—making this an ideal rental property for consistent occupancy. Spacious three-family property features three units, each offering 2 bedrooms and 1 full bath with comfortable, functional layouts. One unit is currently occupied (third floor) by a tenant who would like to remain, while the other two units are vacant and rent-ready, providing immediate upside for owner-occupants or investors seeking to lease at current market rents. Property has seen recent renovations/offers solid mechanical updates, including updated furnaces and hot water tanks, all separately metered for efficiency and tenant responsibility. Additional improvements include updated electrical systems and a flat roof installed in 2018. Situated on a quiet street in a high-demand rental corridor, property offers flexibility, strong income potential, long-term growth in one of the area’s most active redevelopment zones. Do not disturb tenant on 3rd floor. No wholesalers/owner financing. ONLY 1st 2 units can be shown till accepted offer.