2189 Rexwood RD new Save Request In-Person Tour Request Virtual Tour
Cleveland Heights,OH 44118
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,277 sqft
Price per Sqft $131
Subdivision Meadowbrook Allotment 01
MLS Listing ID 5094061
Bedrooms 7
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 3,277
Year Built 1922
Annual Tax Amount $6,311
Tax Year 2024
Lot Size 5,401 Sqft
Acres 0.124
Property Description
Turnkey tand beautifully updated and maintained triplex in a prime Cleveland Heights' location! This property is just a short walk from the Cedar-Lee retail district and all it has to offer - from cafes, restaurants, bars, a cinema and yoga studio to the soon-to-be-finished mixed use luxury apartment building. Both first and second floor units offer 2 bedrooms + a sunroom. All 3 units have central AC and in-unit washers and dryers. The 3rd floor has skylights that brighten the space quite nicely. Although current gross rents total almost $45K/year, there is room to increase this to $54K without additional CapEx or doing furnished rentals. Property is fully leased through May 31, 2025. Roof is approximately 5 years old. Updates/Improvements = roof, electrical panels, HWT, kitchens, bathrooms. Tenants pay ALL utilities, including water, sewer, and trash. Off-street parking for 5 cars. Property will transfer POS-compliant. Seller is also selling 2075 Coventry (a triplex) + 1504 East 107 (furnished student housing) + 1520 E 108 (furnished student housing).
Location
State OH
County Cuyahoga
Rooms
Basement Full,Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Dryer,Dishwasher,Microwave,Range,Refrigerator,Washer
Exterior
Parking Features Detached,Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 686-14-079
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange