9904 Parkgate Ave, Cleveland, OH 44108

Description

Expand your investment portfolio with this income-producing Cleveland triplex, offering established rental income and additional earning potential! With two occupied units and a vacant third unit, this property presents an opportunity to collect existing rents while working toward full occupancy.

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

Unit 1 currently rents for $875/mo, and Unit 2 rents for $900/mo, both on month-to-month leases, generating $1,775 in current monthly gross rental income. Unit 3 is vacant with an estimated market rent of $960/mo, presenting an opportunity to increase total gross rental income to $2,735/mo, or $32,820 annually.

Conveniently located in Cleveland, with easy access to I-90 and major roadways, providing connections to destinations throughout the area. Nearby Louis Stokes Cleveland VA Medical Center and UH Cleveland Medical Center place major healthcare and employment destinations within reach, while Little Italy offers additional dining and neighborhood attractions. Proximity to public transportation, shopping, schools, parks, and everyday essentials further enhances the property’s appeal for tenants. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! With stable rental income and a vacant third unit offering additional income potential, this triplex presents an opportunity to expand your portfolio or enter the multifamily market! Schedule your showing today and discover the possibilities! No wholesalers. No Seller financing. No low ball offers.