This triplex property located in the emerging 44105 area of Cleveland offers an incredible opportunity for investors with a vision for transformation. The property currently appears on the condemned list but boasts significant potential for a savvy investor who can see the long-term value in revitalizing this multifamily asset. The building features two spacious 3-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a diverse layout ideal for rental income once restored. The property has the potential to generate strong cash flow upon rehabilitation, with a prime location in a neighborhood that is seeing positive growth and increasing demand for affordable rental properties. While the property requires substantial renovation, including addressing structural, electrical, plumbing, and other code-related issues, the foundation is there for someone with the expertise and resources to bring this triplex back to life. Once completed, this property could provide a significant return on investment, whether you choose to hold and rent the units or sell them after renovation. Located near major highways, public transportation, and local amenities, this triplex is positioned in a revitalizing neighborhood that continues to attract development and investment. If you’re an investor with a strong vision and a passion for turning distressed properties into cash-flowing assets, this triplex represents a once-in-a-lifetime opportunity to create long-term wealth in a growing Cleveland market.

Listing courtesy of MLS_NOW / Keller Williams Greater Metropolitan

Last checked: Checking… • Last updated Dec 16, 2024 • Source: MLS_NOW

MLS# 5089932 — Report a problem