Listed By
Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: thefrederickteam@gmail.com, 216-210-7653
Shown By
Agent Name: Anestis Kalagidis
Agent Phone: Cell: (614) 395-6377
Agency Title: Cutler Real Estate
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Property Description
ATTENTION INVESTORS! Affordable, turnkey triplex opportunity in the rapidly developing University Circle/Wade Park area, known for strong rental demand & continued appreciation. Prime location just minutes from major college & medical campuses?approximately a 2-minute drive or 5-minute walk?making this an ideal rental property for consistent occupancy. Spacious three-family property features three units, each offering 2 bedrooms and 1 full bath with comfortable, functional layouts. One unit is currently occupied (third floor) by a tenant who would like to remain, while the other two units are vacant and rent-ready, providing immediate upside for owner-occupants or investors seeking to lease at current market rents. Property has seen recent renovations/offers solid mechanical updates, including updated furnaces and hot water tanks, all separately metered for efficiency and tenant responsibility. Additional improvements include updated electrical systems and a flat roof installed in 2018. Situated on a quiet street in a high-demand rental corridor, property offers flexibility, strong income potential, long-term growth in one of the area's most active redevelopment zones. Do not disturb tenant on 3rd floor. No wholesalers/owner financing. ONLY 1st 2 units can be shown till accepted offer.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: None
Days on Market: 3
Garage: 1
Heating: Forced Air, Gas
Lot Size: 0.10 Acres
Roof Type: Asphalt, Fiberglass, Flat
Stories: 3.0
Taxes: $1,616 / year
Year Built: 1911
Feature Descriptions
Exterior: Aluminum Siding, Vinyl Siding
Laundry: Common Area
Parcel#: 109-09-192
Parking: Detached, Garage, Paved
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,054.61 per month $870.50 Principal & Interest $134.67 Property Tax $49.44 Homeowner's InsuranceChange Payment Information
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10117 Somerset Avenue | MLS# 5195508
This multi-family property located at 10117 Somerset Avenue, Cleveland, OH 44108 is currently listed for sale with an asking price of $169,500. Somerset Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.neskalagidis.com today.