19
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$45,000
Est. payment /mo
7 BD
3 BA
0.3 Acres Lot
New
3872 E 53rd ST Cleveland, OH 44105
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UPDATED:
12/12/2024 08:08 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Cooke & Barkwills
MLS Listing ID 5089932
Bedrooms 7
Full Baths 3
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,276
Tax Year 2023
Lot Size 0.299 Acres
Acres 0.2994
Property Description
This triplex property located in the emerging 44105 area of Cleveland offers an incredible opportunity for investors with a vision for transformation. The property currently appears on the condemned list but boasts significant potential for a savvy investor who can see the long-term value in revitalizing this multifamily asset.
The building features two spacious 3-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a diverse layout ideal for rental income once restored. The property has the potential to generate strong cash flow upon rehabilitation, with a prime location in a neighborhood that is seeing positive growth and increasing demand for affordable rental properties.
While the property requires substantial renovation, including addressing structural, electrical, plumbing, and other code-related issues, the foundation is there for someone with the expertise and resources to bring this triplex back to life. Once completed, this property could provide a significant return on investment, whether you choose to hold and rent the units or sell them after renovation.
Located near major highways, public transportation, and local amenities, this triplex is positioned in a revitalizing neighborhood that continues to attract development and investment. If you’re an investor with a strong vision and a passion for turning distressed properties into cash-flowing assets, this triplex represents a once-in-a-lifetime opportunity to create long-term wealth in a growing Cleveland market.
The building features two spacious 3-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a diverse layout ideal for rental income once restored. The property has the potential to generate strong cash flow upon rehabilitation, with a prime location in a neighborhood that is seeing positive growth and increasing demand for affordable rental properties.
While the property requires substantial renovation, including addressing structural, electrical, plumbing, and other code-related issues, the foundation is there for someone with the expertise and resources to bring this triplex back to life. Once completed, this property could provide a significant return on investment, whether you choose to hold and rent the units or sell them after renovation.
Located near major highways, public transportation, and local amenities, this triplex is positioned in a revitalizing neighborhood that continues to attract development and investment. If you’re an investor with a strong vision and a passion for turning distressed properties into cash-flowing assets, this triplex represents a once-in-a-lifetime opportunity to create long-term wealth in a growing Cleveland market.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Driveway, On Street
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 132-11-098
Special Listing Condition Standard
Listed by Alexys Jones • Keller Williams Greater Metropolitan • alexysjones@kw.com 440-694-5551
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