2249 Bellfield Avenue, Cleveland Heights, OH 44106

Property Description

Welcome to 2249 Bellfield Ave in Cleveland Heights, a spacious income-producing property offering approximately 2,420 square feet of living space on a 0.13-acre lot. The property features three residential units with 5 bedrooms and 3 full baths. The third-floor space, which is currently vacant, offers potential for future use or additional income, subject to applicable requirements. The first-floor unit is currently rented for $1,360 per month, while the second-floor unit rents for $1,500 per month on a month-to-month basis. Combined current rental income is $2,860 per month, or $34,320 annually. The vacant third-floor space provides additional potential for an investor. It has a separate entrance and can be rented independently of the first and second floors. Both occupied units feature classic character, including hardwood flooring, brick fireplaces, bay windows, built-in cabinetry, and covered porch space. Kitchens offer wood-finish cabinetry, countertops, stainless steel sinks, gas ranges, and additional storage. Bathrooms feature tiled flooring and shower areas. Additional features include a full unfinished basement, forced-air heating and central air conditioning, public water and sewer, a detached 2-car garage, and an asphalt shingle roof. The property offers a combination of existing rental income, spacious interiors, classic architectural details, and future upside through the vacant third-floor space. Whether expanding an investment portfolio or seeking a property with established rental income and additional potential, 2249 Bellfield Ave is an opportunity worth exploring.