Listed By
Agency Name: RE/MAX Crossroads Properties
Agency Contact: anthonylatinarealestate@gmail.com, 440-465-5611
Shown By
Agent Name: Leah Ackerman
Agent Phone: (614) 306-5050
Agency Title: Cutler Real Estate
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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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: None
Days on Market: 2
Garage: 2
Heating: Forced Air, Gas
Lot Size: 0.09 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $2,646 / year
Year Built: 1914
Amenities
Balcony
Feature Descriptions
Appliances: Range, Refrigerator
Exterior: Vinyl Siding
Laundry: In Basement, None
Parcel#: 112-20-073
Parking: Concrete, Detached, Garage
Patio/Porch: Balcony
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,268.54 per month $991.16 Principal & Interest $220.50 Property Tax $56.88 Homeowner's InsuranceChange Payment Information
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407 E 147th Street | MLS# 5203684
This multi-family property located at 407 E 147th Street, Cleveland, OH 44110 is currently listed for sale with an asking price of $195,000. E 147th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.leahackerman.com today.