3702 W 15th Street, Cleveland, OH 44109

$403,000
7
BD
4
BA
3,574
SqFt

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Sold Price
$403,000
List Price
$399,900
Status
CLOSED
Stories
2
MLS#
5041577
Year Built
1910
Closing Date
Dec 23, 2024
Bedrooms
7
Bathrooms
4
Living Area
3,574
Region
Cleveland
Township
Cleveland
Subdivision / Building
Foster

Property Description

This exceptional investment opportunity features two renovated duplexes on a single lot, providing a total of three, two-bedroom units and one 1-bedroom. Each unit comes fully furnished and equipped with modern appliances, allowing you to seamlessly continue operating it as a short and/or mid-term rental from day one. The property has consistently generated ~$100,000 in gross income annually, showcasing its profitability and high demand. Current cap rate is 10%. Situated in a prime location, this property is conveniently close to major freeways, Downtown Cleveland, Tremont, and The Cleveland Zoo. Whether guests are in town for business or leisure, they will appreciate the easy access to popular destinations and amenities. Don't miss out on this rare chance to own a highly lucrative short and mid-term rental property in a thriving Cleveland neighborhood. All furniture and appliances are included in the sale, ensuring a smooth transition for the new owner. Contact us today for more information or to schedule a viewing.

Additional Information

Taxes
$6,466
Acres
0.17
Sewer
Public Sewer
Roof
Asphalt, Fiberglass
Water
Public
Heating
Forced Air
Cooling
Window Unit(s)
School District
Cleveland Municipal - 1809

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Listing Courtesy of: Mario Russo, mario.russo8080@gmail.com With Lokal Real Estate, LLC.

Selling Office: Lokal Real Estate, LLC..

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