OH > Cleveland > Forest Hill Pkwy
Cleveland, OH 44108,851 Paxton RD
Cleveland, OH 44108,851 Paxton RD
Cleveland, OH 44108,851 Paxton RD
Cleveland, OH 44108,851 Paxton RD
Cleveland, OH 44108,851 Paxton RD
Cleveland, OH 44108,851 Paxton RD
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Aaron Gobble

Aaron Gobble

+1(330) 612-2155
$ 149,900
Est. payment | /mo

5 Beds

3 Baths

2,720 SqFt

Save
$ 149,900
Est. payment | /mo
Save

5 Beds

3 Baths

2,720 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,720 sqft

Price per Sqft $55

Subdivision Forest Hill Pkwy

MLS Listing ID 5076175

Bedrooms 5

Full Baths 3

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 2,720

Year Built 1917

Annual Tax Amount $1,248

Tax Year 2023

Lot Size 4,482 Sqft

Acres 0.1029

Property Description

Incredible investment opportunity on Cleveland’s east side! This vacant three-unit property has recently been updated, including all new mechanicals and some cosmetic updates throughout making it rent-ready for a new owner to capitalize on. The property features two 2-bed, 1-bath units and a spacious 1-bed, 1-bath unit on the third floor. With market-rate tenants, this property can generate over $30,000 per year in gross rental income, and by utilizing the Section 8 program, income could exceed $35,000 annually. Don’t miss out on this chance to grow your rental portfolio with a property poised for solid returns! *Auditor's website states that the property is a duplex with 4 bedrooms and 2 baths / owner states that the property is a triplex with 5 bedrooms and 3 baths.

Location

State OH

County Cuyahoga

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Garage Driveway, Detached, Garage, Off Street, Paved

Garage Spaces 2.0

Garage Description 2.0

Waterfront No

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Shingle

Parking Type Driveway, Detached, Garage, Off Street, Paved

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Construction Status Updated/Remodeled

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 110-14-010

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(330) 612-2155

aaron.gobble@joinreal.com

Akron, OH, United States

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851 Paxton RD