Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Ethan Rebuck
Agent Phone: (330) 430-9663
Agency Title: Cutler Real Estate
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Property Description
Investment opportunity with immediate cash flow! This fully occupied income-producing property is currently configured as a triplex (zoned as a duplex) with all three units occupied and generating consistent rental income. Unit 1 rents for $525/month on a month-to-month lease. Unit 2 rents for $810/month on a lease ending July 31, 2026, and will transition to month-to-month thereafter. Unit 3 rents for $800/month on a lease ending August 31, 2026, with the tenant planning to vacate at lease expiration, offering an opportunity to increase rents or occupy the unit. Owner pays water and sewer, tenants pay all other utilities. Conveniently located near shopping, restaurants, parks, and major commuter routes, this property offers strong cash flow today with future upside through rental increases and lease turnover. Do not disturb tenants. No showings until accepted offer.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: None
Days on Market: 4
Garage: 2
Heating: Forced Air, Gas
Lot Size: 0.12 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,703 / year
Year Built: 1910
Feature Descriptions
Exterior: Vinyl Siding
Laundry: None
Parcel#: 016-12-061
Parking: Paved
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,009.76 per month $742.25 Principal & Interest $225.25 Property Tax $42.26 Homeowner's InsuranceChange Payment Information
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3283 W 48th Street | MLS# 5230008
This multi-family property located at 3283 W 48th Street, Cleveland, OH 44102 is currently listed for sale with an asking price of $144,900. W 48th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.ethanrebuck.com today.