Welcome to an extraordinary opportunity in the heart of Coventry Village, one of Cleveland's most coveted neighborhoods! This expansive 3-unit property is situated just steps away from live music venues, vibrant bars, delectable restaurants, and eclectic shopping destinations. Enjoy seamless access to Little Italy, Cleveland Clinic, Case Western Reserve, and all the area has to offer. With many updates throughout, this property boasts beautifully refinished hardwood floors, elegant stone countertops, newer hot water tanks, updated electrical, and more. The first and second-floor units feature spacious 3-bed, 2-bath layouts, while the third floor offers a sprawling loft-style 1-bed, 1-bath unit. Currently yielding a gross monthly rent of $3,730, this property presents an incredible investment opportunity with an over 8.5% cap rate. Embrace the chance to own a piece of this vibrant community, complete with modern comforts and potential for further growth. Don't hesitate to seize this chance to invest in one of Cleveland's most dynamic neighborhoods! The county auditor's website states that the property has 2 units, 6 bedrooms and 3 baths but the owner states that the property has 3 units, 7 bedrooms and 5 baths.
Sold for $260,200 on 06/07/24
$260,200
2701 Hampshire Rd, Cleveland Heights, OH 44106
7beds
3,500sqft
Triplex, Multi Family
Built in 1917
-- sqft lot
$275,600 Zestimate®
$74/sqft
$2,210 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 10, 2024 at 11:37am
Listing Provided by:
Tal Tamir tal@premierclevelandinvesting.com216-870-8687,
Russell Real Estate Services
Bought with:
Tal Tamir, 2018001908
Russell Real Estate Services
Source: MLS Now,MLS#: 5031880
Originating MLS: Akron Cleveland Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced Air, Gas, Hot Water, Steam
Cooling
- None
Features
- Basement: Full
Interior area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
- Finished area above ground: 3,500
Property
Parking
- Total spaces: 4
- Parking features: Detached, Garage
- Garage spaces: 4
Features
- Levels: Three Or More
Lot
- Size: 9,757 sqft
Details
- Parcel number: 68510019
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Frame
- Roof: Slate
Condition
- Updated/Remodeled
- Year built: 1917
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cleveland Heights
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Services availability

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