11805 Chesterfield AVE Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44108
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,146 sqft
Price per Sqft $51
MLS Listing ID 5118362
Bedrooms 5
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,146
Year Built 1914
Annual Tax Amount $1,275
Tax Year 2023
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Triplex
Property Description
Investors, don't miss this value-add triplex opportunity with immediate rental income! This property features two spacious 2-bedroom, 1-bath units and one cozy 1-bedroom, 1-bath unit, generating a combined monthly gross rent of $1,785. Unit 1 is occupied by a long-term CMHA tenant paying $800 monthly, ensuring stable income. The property offers significant upside through cosmetic upgrades and minor improvements, but major cap-ex items are already addressed, including newer vinyl windows, a recently updated roof, and well-maintained electrical systems. Each unit has a practical layout with room for increased rents after minor updates. Situated in a rental-friendly area with convenient access to public transportation, shopping, and local amenities, this triplex is primed for strong tenant demand. With minimal initial investment needed on structural components, your capital can be focused on enhancing value and increasing rental returns. Act quickly—this multifamily won't last long!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air,Gas
Cooling None
Fireplace No
Exterior
Parking Features Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two,Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 110-26-084
Special Listing Condition Standard