407 E 147th Street,Cleveland, OH 44110
Cleveland, OH 44110
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.
Details
| MLS # | 5226255 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1914 |
| Days On Site | 83 |
| Listing Provided By | RE/MAX Crossroads Properties | Anthony R Latina |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,092 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 3 |
| Building(s) | 1 |
| Acreage | 0.09 |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Concrete, Detached, Garage |
Taxes
| Tax Annual Amount | 2646 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44110 |
| Community Name | White |
| Listing VS Median (in White) | |
Price: $185,000 low | high Med: $315,000 sqft: 2,092 low | high Med: 2,223 $ / sqft: $88 low | high Med: $139 On site: 83 low | high Med: 66.5 | |
Market Activity 44110
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44110 |
| Community Name | White |
| Listing VS Median (in White) | |
Price: $185,000 low | high Med: $315,000 sqft: 2,092 low | high Med: 2,223 $ / sqft: $88 low | high Med: $139 On site: 83 low | high Med: 66.5 | |