11805 Chesterfield Avenue, Cleveland, OH 44108
- $105,770
- 5
- BD
- 3
- BA
- 2,146
- SqFt
- Sold Price
- $105,770
- List Price
- $110,000
- Status
- CLOSED
- Days on Market
- 76
- Closing Date
- Jul 15, 2025
- MLS#
- 5118362
- Subtype
- Residential Income
- Year Built
- 1914
- Bedrooms
- 5
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 2,146
- Acres
- 0.10
- MLS Area Major
- Cleveland
Property Description
Investors, don’t miss this value-add triplex opportunity with immediate rental income! This property features two spacious 2-bedroom, 1-bath units and one cozy 1-bedroom, 1-bath unit, generating a combined monthly gross rent of $1,785. Unit 1 is occupied by a long-term CMHA tenant paying $800 monthly, ensuring stable income. The property offers significant upside through cosmetic upgrades and minor improvements, but major cap-ex items are already addressed, including newer vinyl windows, a recently updated roof, and well-maintained electrical systems. Each unit has a practical layout with room for increased rents after minor updates. Situated in a rental-friendly area with convenient access to public transportation, shopping, and local amenities, this triplex is primed for strong tenant demand. With minimal initial investment needed on structural components, your capital can be focused on enhancing value and increasing rental returns. Act quickly—this multifamily won't last long!
Additional Information
- Taxes
- $1,275
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two, Three Or More
- Roof
- Asphalt, Fiberglass
- Parking Features
- Paved
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Jack Krusinski, jack@21hillrealestate.com With RE/MAX Above & Beyond
Selling Office: McDowell Homes Real Estate Services.Mortgage Calculator
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