2186 E 89th Street, Cleveland, OH 44106

$166,000
7
BD
3
BA
3,011
SqFt

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Sold Price
$166,000
List Price
$150,000
Status
CLOSED
Stories
2
MLS#
5085536
Year Built
1905
Closing Date
Dec 19, 2024
Bedrooms
7
Bathrooms
3
Living Area
3,011
Region
Cleveland
Township
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

Taxes
$3,050
Acres
0.18
Sewer
Public Sewer
Roof
Asphalt, Fiberglass
Water
Public
Garage Spaces
2
Heating
Gas
Cooling
None
School District
Cleveland Municipal - 1809

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Listing Courtesy of: Alexys Jones, alexysjones@kw.com With Keller Williams Greater Metropolitan

Selling Office: Real Brokerage Technologies, Inc..

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