3518 E 153rd Street, Cleveland, OH 44120

Description

Excellent Investment Opportunity! This spacious triplex that offers an outstanding opportunity for seasoned investors looking to expand their portfolios, maximize rental income, & build long-term equity! Featuring three generously sized units, numerous major mechanical upgrades, & strong rental potential, this property is ready for its next chapter!

Units 1 & 2 each feature 3 bedrooms & 1 full bathroom, while Unit 3 offers 2 bedrooms & 1 full bathroom. Each unit provides a spacious living room, functional kitchen with an adjoining dining area, creating comfortable & practical living spaces for tenants. The basement offers additional storage & potential for future improvements, plus a detached 2-car garage.

Major recent improvements include a brand-new roof, new furnaces, & new hot water tanks, helping reduce concerns about significant near-term capital expenditures. Additional highlights include newer windows, central AC, & separate electric meters.

With estimated market rents of $1,200/mo for Units 1 & 2, & $800/mo for Unit 3, this property offers a potential combined gross rental income of $3,200/mo!

Conveniently located in the Cleveland area, near the Nature Center at Shaker Lakes, John Carroll University, & Cuyahoga Community College (Tri-C) Eastern Campus. The property also offers access to I-271 & I-480, providing connections to surrounding communities, employment centers, & everyday destinations. Shopping, restaurants, schools, parks, public transportation, & other local amenities.

Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! With substantial mechanical updates, versatile unit layouts, & attractive income potential, this triplex presents an excellent opportunity to generate rental revenue & build long-term value. Schedule your showing today! No wholesalers. No Seller financing. No low ball offers.