407 E 147th Street, Cleveland, OH 44110
- $185,000
- 5
- BD
- 3
- BA
- 2,092
- SqFt
- List Price
- $185,000
- Status
- ACTIVE
- Stories
- 3
- MLS#
- 5226255
- Year Built
- 1914
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 2,092
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- White
Property Description
407 East 147th Street in Cleveland presents a fully occupied, income producing multifamily opportunity with a solid blend of updates and steady cash flow. This three unit property includes two 2 bedroom, 1 bathroom units, currently rented at $850 and $950 per month, along with a 1 bedroom, 1 bathroom unit leased at $545 per month. With all units occupied, the property offers immediate and consistent rental income from day one. Each unit has been thoughtfully refreshed, with Units 1 and 2 updated in 2023 featuring improvements to paint, flooring, kitchens, and bathrooms, creating clean, comfortable living spaces that appeal to tenants. The third unit was also updated in 2023, including a bathroom refresh, kitchen installation, new flooring, and paint, giving it a cohesive and move in ready feel. Newer hot water tanks installed in 2024 add to the overall reliability of the property. The detached 2 car garage provides added value and convenience, while the overall layout offers functional, easy to maintain living spaces across all units. With a strong rental lineup, recent updates, and consistent occupancy, this property offers a well rounded opportunity for investors seeking both stability and long term upside in a convenient Cleveland location.
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Additional Information
- Taxes
- $2,646
- Acres
- 0.09
- Sewer
- Public Sewer
- Exterior Features
- Balcony
- Roof
- Asphalt, Fiberglass
- Water
- Public
- Garage Spaces
- 2
- Heating
- Forced Air, Gas
- Cooling
- None
- School District
- Cleveland Municipal - 1809
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Listing Courtesy of: Anthony R Latina, anthonylatinarealestate@gmail.com With RE/MAX Crossroads Properties
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