851 Paxton RD new 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 2,720 sqft
Price per Sqft $55
Subdivision Forest Hill Pkwy
MLS Listing ID 5076175
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,720
Year Built 1917
Annual Tax Amount $1,248
Tax Year 2023
Lot Size 4,482 Sqft
Acres 0.1029
Property Description
Incredible investment opportunity on Cleveland’s east side! This vacant three-unit property has recently been updated, including all new mechanicals and some cosmetic updates throughout making it rent-ready for a new owner to capitalize on. The property features two 2-bed, 1-bath units and a spacious 1-bed, 1-bath unit on the third floor. With market-rate tenants, this property can generate over $30,000 per year in gross rental income, and by utilizing the Section 8 program, income could exceed $35,000 annually. Don’t miss out on this chance to grow your rental portfolio with a property poised for solid returns! *Auditor's website states that the property is a duplex with 4 bedrooms and 2 baths / owner states that the property is a triplex with 5 bedrooms and 3 baths.
Location
State OH
County Cuyahoga
Rooms
Basement Full,Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Garage Driveway,Detached,Garage,Off Street,Paved
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Shingle
Parking Type Driveway,Detached,Garage,Off Street,Paved
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 110-14-010
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard