Aspire Real Estate & Property Management
Aspire Real Estate & Property Management
Aspire Real Estate & Property ManagementPhone: (216) 503-8715
Email: [email protected]
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listing
1 of 17
Residential IncomeFor Sale
$450,000
2189 Rexwood Road
Cleveland Heights, OH 44118
Courtesy of Premier Heights Realty LLC
MLS: MLS Now
7Beds
3Baths
3,277Sq Ft
Est. Mortgage
$2,423/mo

Beautifully updated and maintained 3-unit in a prime Cleveland Heights location! This property is just a short walk from the Cedar-Lee retail district and all it has to offer - from cafes, restaurants, bars, a cinema and yoga studio to the soon-to-be-finished mixed use luxury apartment building. Both first and second floor units offer 2 bedrooms + a sunroom. All 3 units have central AC and in-unit washers and dryers. The 3rd floor has skylights that brighten the space quite nicely. Although current gross rents total almost $45K/year, there is room to increase this to $54K without additional CapEx or doing furnished rentals. Property is fully leased through May 31, 2025. Roof is approximately 5 years old. Updates/Improvements = roof, electrical panels, HWT, kitchens, bathrooms. Tenants pay ALL utilities, including water, sewer, and trash. Off-street parking for 5 cars. Property will transfer POS-compliant. Seller is also selling 2634 Colchester (3-units in CH) and 1504 E 107 (Case student housing in Cleveland).

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Information courtesy of Premier Heights Realty LLC is subject to verification and is not guaranteed.
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