12804 Imperial AVE Cleveland, OH 44120
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,667 sqft
Price per Sqft $56
Subdivision Woodhill Park Sands Allotment
MLS Listing ID 5119526
Bedrooms 6
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,667
Year Built 1925
Annual Tax Amount $654
Tax Year 2023
Lot Size 4,081 Sqft
Acres 0.0937
Property Sub-Type Triplex
Stories Three Or More
Story Three Or More
Property Description
Recent updates include a complete exterior and interior scrape and fresh paint, and the property has passed city lead inspection (lead-safe certificate expected in ~3 months). Inside, you'll find new LVP flooring and carpet throughout, along with some windows replaced—with the remainder in full working order. Full list of 36-itemized scope of work completed during the current ownership's rehab in MLS supplements.
The unit mix includes:
Two 2 bed / 1 bath units with dining room, living room and private porches!
One 1 bed / 1 bath third-floor unit! All units have private entrances! Long driveway with ample parking, partially fenced in backyard!
Rental Breakdown:
Unit 1 vacant, was renting at $1K sec 8.
Second 2-bed unit: CASH $925
The third level is ready to go with a 1-bed unit is recommended to rent for $600/month to a cash-paying tenant or more with sec 8. Projected gross rent fully leased: $2,600/month, offering an impressive 18–21% cash-on-cash return.
Roof 2016, hot water tanks and furnaces within last 5 years.
This is a rare opportunity to acquire a high-yield, with all the heavy lifting already done. Close to parks, recreation, restaurants, freeway access, hospitals, shopping and more! Contact listing agent today for your private tour or with questions!
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Appliance Range
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Exterior Feature Balcony, Other
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Porch Balcony
Private Pool No
Building
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 129-29-137
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard