3283 W 48th Street, Cleveland, OH 44102
- $144,900
- 6
- BD
- 3
- BA
- 1,852
- SqFt
- List Price
- $144,900
- Status
- ACTIVE
- Days on Market
- 4
- MLS#
- 5230008
- Subtype
- Residential Income
- Year Built
- 1910
- Bedrooms
- 6
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 1,852
- Acres
- 0.12
- Subdivision
- Diodate Clark
- Neighborhood
- Diodate Clark
- MLS Area Major
- Cleveland
Property Description
Investment opportunity with immediate cash flow! This fully occupied income-producing property is currently configured as a triplex (zoned as a duplex) with all three units occupied and generating consistent rental income. Unit 1 rents for $525/month on a month-to-month lease. Unit 2 rents for $810/month on a lease ending July 31, 2026, and will transition to month-to-month thereafter. Unit 3 rents for $800/month on a lease ending August 31, 2026, with the tenant planning to vacate at lease expiration, offering an opportunity to increase rents or occupy the unit. Owner pays water and sewer, tenants pay all other utilities. Conveniently located near shopping, restaurants, parks, and major commuter routes, this property offers strong cash flow today with future upside through rental increases and lease turnover. Do not disturb tenants. No showings until accepted offer.
Additional Information
- Taxes
- $2,703
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- Paved
- Garage Spaces
- 2
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
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