3141 Kensington Road, Cleveland Heights, OH 44118

Property Description

Fully leased triplex just steps from the Cedar-Lee district in one of Cleveland Heights' most walkable neighborhoods! All three units are occupied and bringing in $3,075/mo ($36,900/yr) in gross rent: $1,250 each on the 1st and 2nd floors and $575 on the 3rd floor. The 1st and 2nd floor units are spacious 2-bedroom flats with refinished hardwood floors, decorative fireplaces, formal living and dining rooms, tons of natural light, and plenty of kitchen cabinet space. The 3rd-floor 1-bedroom unit is home to a long-term tenant. Each unit has its own full bath. Big-ticket items have been addressed: both water heaters approx. 4-5 years old, an updated furnace, and a newer detached 2-car garage. Full basement with laundry, a large covered front porch, and a covered upper-level porch. Shops, restaurants, coffee houses, Heights High, and the Lee Road library are all a short walk away. Turn-key income from day one, with the option to house-hack a unit as leases turn over. A great fit for investors building a portfolio or buyers who want rent helping cover the mortgage. 3D tour available!