18606 Cherokee Avenue, Cleveland, OH 44119
- $210,000
- 5
- BD
- 3
- BA
- 1,950
- SqFt
- List Price
- $210,000
- Status
- ACTIVE
- Days on Market
- 6
- MLS#
- 5232350
- Subtype
- Residential Income
- Year Built
- 1923
- Bedrooms
- 5
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 1,950
- Acres
- 0.11
- Subdivision
- Berwick Ext Sub
- Neighborhood
- Berwick Ext Sub
- MLS Area Major
- Cleveland
Property Description
Triplex available on the Cleveland-Euclid border EASILY beats the 1% Rule and 10-Cap requirement with a potential of nearly $4,000 a month GRI once fully rented!! Investors and House-Hackers... If you are looking for a property with great cashflow to add to your portfolio, or want to start investing with an easy property, this is THE ONE for YOU!! The Front Unit features 2 bedrooms. Currently rented for $1050 through 12.11.26, the rent potential is much higher, with CMHA paying up to $1333 for a 2-bedroom in 44119. The Back Unit is an efficiency that has no kitchen or kitchenette. It is offered furnished and currently rented through Airbnb for approximately $1350/month. The Up Unit features 2 bedrooms and 1 bath, and could generate another $1333 each month, making the total annual rent income around $48,000 (the furnishings in this unit will convey, as well. As a furnished short or mid-term rental, this unit could generate $1800-2000 each month). Property has a valid LEAD Certificate. Additional features: glass block throughout the basement, aluminum siding and vinyl windows for low maintenance, updated electrical panels with romex, security system with cameras, EV charger, and a BRAND NEW ROOF (2026).
Additional Information
- Taxes
- $2,810
- Appliances
- Range, Refrigerator
- Heating
- Forced Air
- Air Conditioning
- Window Unit(s)
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- Detached, Garage
- Garage Spaces
- 2
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Sophie Boehlen, sophie@premierheights.com With Premier Heights Realty LLC
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