Legal Description:343 KELLEY S/L 20 WP 0019 EP
Location:6106 Luther Avenue, Cleveland, 44103
Lot Size:0.15 Acres
Road Access:Paved Hard Surface
Utilities:city sewer, water, gas and electric
HUGE 3-STORY, 6-BEDRM, 3-BATHRM HOUSE, CLEVELAND, OHIO, 6,720 SQ.FT. TRIPLEX
FANTASTIC RENTAL POTENTIAL IN A DYNAMIC, FAST-GROWTH CITY
LOCATION, LOCATION, LOCATION!!
SHORT WALKING DISTANCE (1.5 Km) TO THE BEAUTIFUL, SCENIC LAKE ERIE!
DOWNTOWN CLEVELAND, JUST 2.8 Km TO CITY HALL ? SPELLS GREAT PROPERTY VALUE!
3-FAMILY EX-RENTAL PROPERTY WITH ENORMOUS POTENTIAL! RARE OPPORTUNITY!!
10 ROOMS IN ALL THROUGHOUT THE BUILDING! [more bedrooms can be created!]
OK, get ready for this: a proverbial, quintessential, hugely potential money-making machine with the top combination of size (imagine 3 separate rental streams) & location?.Let?s look at some of its basic stats:
Property Taxes: payable each 6 months at $1,060.34. It might look a lot, BUT don?t forget: if it is legally designated to rent to 3 families, you can expect the County to tax you appropriately!
Full basement with furnace & water-heater.
Parcel ID #: 104-17-131.
Rental Potential: 2 owners ago, each of the 3 units rented out for $750! That was a whopping $2,250/month! [you?re looking at a ?Return on Investment? way exceeding 70%!].