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About This Home

This 6-bedroom, 3-bathroom residential multi family at 2827 Avondale Avenue in Cleveland Heights, OH is listed for $299,900 ($71 per sqft). Built in 1920, the home offers 4,200 sqft of living space on a 0.14 acres lot.

Agent Description

Turnkey Legal Triplex in Cleveland Heights Excellent investment opportunity with immediate cash flow and cap rate. This well-maintained legal triplex features 3 units each with 2 bedrooms, 1 bath. 2 rooms are occupied and 1 is move-in-ready available for tenant or owner occupancy.

Current rents: Unit 1: $1,300/month (occupied) 1680 sq ft, 2 bedroom, +bonus room, 1 bath, lease until 6/30/27 Unit 2: $1,275/month (occupied) 1680sq ft, 2 bedroom +bonus room, 1 bath, lease until 3/31/27 Unit 3: $975/month (listed) 840 sq ft, 2 bedrooms, 1 bath Total full rent: $3,550 Recent Updates: new flooring on 2nd unit, new hallway stairs, a

full electrical rewire completed in 2023, windows repaired/repainted, basement painted, new water heater, new 3rd floor heaters. Property previously passed owner inspection in 2023 (including redone garage floor and garage wall). Lead certification nearly complete (paint scraped, repainted, currently waiting on lab results).

POS inspection pending. Location: near Case Western Reserve University, University Circle hospitals, Coventry Village, and Little Italy, making it highly attractive to students and healthcare professionals.

Key Features

  • Built in 1920
  • 0.14 acre lot
  • 3 stories

Property Details

3 stories
3 full
1920

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$87

Estimates only. Actual payments may vary.

Location

2827 Avondale Avenue

Cleveland Heights, OH 44118

Fowler Critchley & Corlett All

Property Details

Construction

AluminumSiding VinylSiding WoodSiding

Heating

Natural GasForced Air

Questions & Answers

This 6-bedroom, 3-bathroom residential multi family at 2827 Avondale Avenue is listed at $299,900 ($71/sqft). The estimated monthly payment is $1,300 based on 20% down at 6.5% interest.

Key features include: Built in 1920, 0.14 acre lot, 3 stories.

This property is listed by Nicole McHale and can be reached at 4404092834 or nmchale@kw.com.

NM

Nicole McHale

Agent at Keller Williams Greater Metropolitan

(440) 409-2834

Listed by Keller Williams Greater Metropolitan · View on Broker Site

MLS# 5213141· Source: listhub· Updated 1 days ago

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2827 Avondale Avenue, Cleveland Heights, OH 44118

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