3702 W 15th Street is a $428,000, 3,574 square foot, 7 bedroom, 4.0 bath home on a 0.17 acre lot located in Cleveland, OH.
This exceptional investment opportunity features two renovated duplexes on a single lot, providing a total of three, two-bedroom units and one 1-bedroom. Each unit comes fully furnished and equipped with modern appliances, allowing you to seamlessly continue operating it as a short and/or mid-term rental from day one. The property has consistently generated ~$100,000 in gross income annually, showcasing its profitability and high demand. Current cap rate is 10%. Situated in a prime location, this property is conveniently close to major freeways, Downtown Cleveland, Tremont, and The Cleveland Zoo. Whether guests are in town for business or leisure, they will appreciate the easy access to popular destinations and amenities. Don't miss out on this rare chance to own a highly lucrative short and mid-term rental property in a thriving Cleveland neighborhood. All furniture and appliances are included in the sale, ensuring a smooth transition for the new owner. Contact us today for more information or to schedule a viewing.
Above Grade Sqft | 3,574 |
# Full Bath | 4 |
Basement | Unfinished Basement - Yes |
Cooling Types | Window Units Cooling - Yes |
Heating Types | Forced Air Heating - Yes |
Parking Types | Off Street |
Exterior Features | Principalis Real Estate Licensed Possession - DeliveryOfDeed Updated Remodeled |
Roof | Asphalt Fiberglass |
Construction Types | Aluminum Siding Vinyl Siding |
Water Source | Public |
Sewer | Public Sewer |
Attribution Contact | 216-252-6580 marketing@lokalrealestate.com |
Property Type | Residential Income |
Property Sub Type | Quadruplex |
Style | Two |
Architectural Style | Acreage |
Year Built | 1910 |
HOA Fee | $0.00 |
Taxes | $6,466.00 |
County | cuyahoga |
School District | cleveland municipal - 1809 |
Neighborhood | Foster |
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07/26/2024 at 07:28pm MDT.