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$ 150,000
Est. payment /mo
New
10117 Somerset AVE Cleveland, OH 44108
4 Beds
3 Baths
4,399 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Superior Park
MLS Listing ID 5255965
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1911
Annual Tax Amount $1,616
Tax Year 2025
Lot Size 4,399 Sqft
Acres 0.101
Property Sub-Type Triplex
Property Description
NEW REDUCED PRICE! ATTENTION INVESTORS! FULLY VACANT TRIPLEX WITH EXCELLENT INCOME POTENTIAL NEAR UNIVERSITY CIRCLE & WADE PARK! Fantastic opportunity to expand your investment portfolio with this spacious, nicely updated three-family property offering immediate occupancy and tremendous income potential! ALL THREE UNITS ARE NOW VACANT, giving investors the flexibility to select their own tenants, establish new rental rates, and maximize cash flow from day one! Situated in a high-demand rental corridor just minutes from University Circle's educational and medical campuses, this property offers convenient access to major employment centers, shopping, dining, and neighborhood amenities. Each of the three units features 2 bedrooms and 1 full bathroom, providing comfortable, functional layouts with strong rental appeal. With all three units vacant, this property also presents an excellent opportunity for buyers looking to owner-occupy one unit while generating rental income from the others! Numerous valuable improvements have already been completed, including updated furnaces, hot water tanks, electrical systems, and a flat roof installed in 2018. Separate metering provides added convenience for utility management and operating efficiency. Located on a quiet street near University Circle and Wade Park, this property offers an attractive combination of affordability, location, improvements, and long-term investment potential. Whether you're a seasoned investor looking to expand your portfolio or a first-time investor seeking a multifamily opportunity, this property deserves your attention! IMMEDIATE OCCUPANCY AVAILABLE! Don't miss your chance to acquire a fully vacant triplex with the flexibility to implement your own rental strategy! No wholesalers, contract assignments, or owner financing. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Detached, Garage
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 109-09-192
Listed by Adrian Frederick • Coldwell Banker Schmidt Realty • afredericksold@gmail.com, 216-469-4854
NEARBY SCHOOL & BUSINESS
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