Alyssa Wallace
REALTOR®
BEDS5
BATHS2 full
SQUARE FEET2,855
MLS#5196748
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMeadowbrook
SCHOOLCleveland Hts-Univer - 1810
Property Description
Steps from the Cedar Lee corridor ? one of Cleveland Heights' most walkable and sought-after neighborhoods, with restaurants, boutiques, and transit all within easy reach. This 3-unit property has immediate income in place with room to grow. Unit 1 (occupied | $1,250 + $25 pet fee): Recently renovated, oversized private patio. Comparable units in the area support $1,300/mo. Tenant on one year lease.Unit 2 (vacant ? move-in ready): Recently renovated, Identical layout and finishes to Unit 1, same oversized patio. An owner-occupant living here would have the other two units covering housing costs entirely. Can also be leased at $1,300/mo from day one.Unit 3 (occupied | $575): Studio unit, currently below area comps. Similar studios nearby support $750+/mo. Month to month tenant.At full occupancy with upside rents, gross monthly income exceeds $3,350. Roof recently updated. Brand new garage. Solid bones, strong location, and value-add upside already in place. A POS estimated around 3k will be passed on to the buyer. A compelling addition to any portfolio, or a nice way to reduce housing costs by living in one unit.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall Unit(s)
Garage: 2
Heating: Forced Air
Lot Size: 0.10 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $7,596 / year
Year Built: 1922
Feature Descriptions
Days on Site: 1
Exterior: Frame
Parcel#: 686-14-034
Parking: Driveway, Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Hts-Univer - 1810
Listed By / Shown By
Listed By
Agency Name: Beycome Brokerage Realty LLC
Agency Contact: 804-656-5007, contact@beycome.com
Shown By
Agent Name: Alyssa Wallace
Agent Phone: (330) 880-3882
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 2,102.30 per month $1,378.30 Principal & Interest $633.00 Property Tax $91.00 Homeowner's InsuranceChange Payment Information
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3141 Kensington Road | MLS# 5196748
This multi-family property located at 3141 Kensington Road, Cleveland Heights, OH 44118 is currently listed for sale with an asking price of $312,000. Kensington Road is located within the Cleveland Hts-Univer - 1810 school district. Search Cleveland Heights real estate on abrady.dehoff.com today.