Jennifer D. Jennings
REALTOR®
BEDS5
BATHS3 full
SQUARE FEET1,950
MLS#5232350
STATUSContingent
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBerwick Ext Sub
SCHOOLCleveland Municipal - 1809
Property Description
$48K potential GRI... Triplex available on the Cleveland-Euclid border EASILY beats the 1% Rule and 10-Cap requirement with a potential of nearly $4,000 a month GRI once fully rented!! Investors and House-Hackers... If you are looking for a property with great cashflow to add to your portfolio, or want to start investing with an easy property, this is THE ONE for YOU!! The Front Unit features 2 bedrooms. Currently rented for $1050 through 12.11.26, the rent potential is much higher, with CMHA paying up to $1333 for a 2-bedroom in 44119. The Back Unit is an efficiency that has no kitchen or kitchenette. It is offered furnished and currently rented through Airbnb for approximately $1350/month. The Up Unit features 2 bedrooms and 1 bath, and could generate another $1333 each month, making the total annual rent income around $48,000 (the furnishings in this unit will convey, as well. As a furnished short or mid-term rental, this unit could generate $1800-2000 each month). Property has a valid LEAD Certificate. Additional features: glass block throughout the basement, aluminum siding and vinyl windows for low maintenance, updated electrical panels with romex, security system with cameras, EV charger, and a BRAND NEW ROOF (2026).
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: Window Unit(s)
Garage: 2
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,810 / year
Year Built: 1923
Feature Descriptions
Appliances: Range, Refrigerator
Days on Site: 37
Exterior: Aluminum Siding
Parcel#: 114-15-038
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Premier Heights Realty LLC
Agency Contact: 216-860-0005, sophie@premierheights.com
Shown By
Agent Name: Jennifer D. Jennings
Agent Phone: (989) 295-4680
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,470.10 per month $1,174.68 Principal & Interest $234.17 Property Tax $61.25 Homeowner's InsuranceChange Payment Information
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Agency License Information: 1-877-539-7589 | Ohio Lic# REC.2010002888 6800 W Central Ave #B, Toledo, OH 43617 | Michigan Lic# 6505366134 8040 Summerfield Rd, Lambertville, MI 48144 | Indiana Lic# RC52400106 3029 W Smith Valley Rd #211, Greenwood, IN 46142 | West Virginia LIC# 010306 Erin Rickman, Broker. 410 Market St #3, Parkersburg, WV, 26101 | Colorado LIC# EC.100108419 603 Rood Ave, Grand Junction, CO 81501 | Nevada LIC# B.0146350.LLC 9190 Double Diamond Pwky, Reno, NV 89521 | Florida LIC# CQ1073507 16638 Mooner Plank Cir, Wimauma, FL 33598 | Illinois LIC# 481014661 640 S Washington St. Suite 212, Naperville, IL 60540
Agent License Information: 6501402331 Brokerage/Company License Number: MI-65-05366134
18606 Cherokee Avenue | MLS# 5232350
This multi-family property located at 18606 Cherokee Avenue, Cleveland, OH 44119 is currently listed for sale with an asking price of $210,000. Cherokee Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.jdjrealtor.com today.