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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

    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.

    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#: 5031880MLS LogoOriginating 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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