1427 E 51st Street
Cleveland, OH 44103
- 6 beds
- 4 baths
- 2,460 sqft
- 5,001 sqft lot
- $70 per sqft
- 1910 build
- – on site
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Investment Opportunity: Fully occupied 3-unit home generating $3,156 a month. Just about a 19.7% cap rate before expenses. Perfect for investors! This property offers three separate units, each providing comfortable living spaces. With a 100% occupancy rate, you'll step into an established income stream. Enjoy the stable monthly revenue and excellent cash flow potential. Located in a sought-after neighborhood with amenities nearby, this property guarantees high tenant demand. Don't miss out on this chance to secure your financial future – act now! Verify financial figures before investing. The rear down unit is currently rented at $770 not $848 but will be increased to $848 starting December first.
Last checked:
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Last updated Jan 24, 2025
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MLS# 4494349 —
The Building
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Year Built:1910
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Construction Materials:AluminumSiding
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Levels:Two
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Stories:2
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Roof:Asphalt,Fiberglass
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Basement:Unfinished
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Basement:true
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# of Buildings:1
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# of Units Total:3
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Building Area Total:2460.0
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Above Grade Finished Area:2460.0
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Above Grade Finished Area Source:Realist
Interior
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Rooms Total:15
Room Dimensions
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Living Area:2460.0
Location
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Directions:Turn off of Superior ave
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Latitude:41.5179
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Longitude:-81.655562
The Property
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Parcel Number:104-10-039
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Property Type:ResidentialIncome
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Property Subtype:Triplex
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Property Subtype Additional:Triplex
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Lot Size Acres:0.1148
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Lot Size Area:0.1148
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Lot Size Units:Acres
Listing Agent
- Contact info:
- Agent phone:
- (440) 796-5506
- Office phone:
- (888) 974-7253
Taxes
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Tax Legal Description:128 R&H 0010 NP
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Tax Annual Amount:$702
Beds
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Bedrooms Total:6
Baths
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Total Baths:4
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Full Baths:3
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Half Baths:1
The Listing
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Listing Terms:Assumable,Cash,Conventional,FHA,UsdaLoan,VaLoan
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Home Warranty:false
Heating & Cooling
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Heating:Gas,HotWater,Steam
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Heating:true
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Cooling:WindowUnits
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Cooling:true
Utilities
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Appliances:Dryer,Refrigerator,Washer
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Laundry Features:InUnit
Schools
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Elementary School District:East Cleveland CSD - 1812
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Middle School District:East Cleveland CSD - 1812
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High School District:East Cleveland CSD - 1812
The Community
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Subdivision Name:Remey & Herricks
Parking
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Garage:true
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Garage Spaces:1.0
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Parking Features:Paved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/15/23
Nov 15, 2023
|
Sold | MLS_NOW | $173,500 | -3.5% |
|
10/4/23
Oct 4, 2023
|
Pending | MLS_NOW | $179,700 | |
|
10/2/23
Oct 2, 2023
|
Listed / Active | MLS_NOW | $179,700 |
