This three unit apartment building with ground level retail can generate $5,450 in monthly rent with no additional investment. This includes $500 per month for renting the 10 parking spaces behind the building. The development opportunity can more than double the rental income by building a two, three or four unit structure on the back portion of the .224 acre lot.Located in the heart of Little Italy, this property has been family-owned since 1975 and meticulously maintained. Each existing apartment unit has been updated and has two bedrooms and a full bathroom. The ground level updated retail space with 1/2 bath has been a successful beauty salon for many years.Key upgrades include: first floor back unit renovated in 2022; Deck added off upstairs back unit in 2022; New Furnace in upstairs front unit in 2022; Deck off first floor back unit in 2015; New roof in 2014; Driveway and waterproofing in 2014; Replacement windows in 2013; Hot water tanks for all three units in 2016.
5018688
Residential - Triplex, Multi-Family, 2 Story
6
3 Full/1 Half
1914
Cuyahoga
0.2224
Acres
Public
2
Brick
Public Sewer
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Data Provided by ATTOM Data Solutions
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
Data Provided by Walk Score®
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Data Provided by ATTOM Data Solutions
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