3372 Sutton RD Save Request In-Person Tour Request Virtual Tour
Shaker Heights,OH 44120
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,596 sqft
Price per Sqft $113
Subdivision Van Sweringen Companys Sub #1
MLS Listing ID 5086113
Bedrooms 7
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,596
Year Built 1924
Annual Tax Amount $3,135
Tax Year 2023
Contingent Appraisal,Inspections
Lot Size 6,198 Sqft
Acres 0.1423
Property Description
Investment Opportunity or Chance to House Hack and Live For Free! Charming 3-Unit Building with Steady Income! Welcome to an exceptional investment opportunity in the heart of a vibrant community! This well-maintained three-unit building boasts a strong rental income of $3,220 per month, making it an ideal addition to any investor's portfolio. Step inside to discover beautifully maintained hardwood floors and a cozy fireplace that adds character and warmth to the living spaces. Recent updates completed in 2023 include fresh interior painting, upgraded electrical on 3rd floor, buffed flooring, stylish light fixtures, and the replacement of select windows, ensuring a modern and inviting atmosphere for tenants. The property features a newly paved asphalt driveway, enhancing curb appeal and providing ample parking for residents. Additionally, one of the hot water tanks were replaced in 2022, offering tenants reliability and peace of mind. With its prime location and thoughtful updates, this property not only promises consistent cash flow but also the potential for appreciation in value. Don't miss your chance to invest in this turnkey property that combines comfort, style, and income! This great location is within a mile of Shaker Square, Shaker Hts HS, the library, a Heinen's, Wholefoods, Target, and Aldi's, Canterbury Golf Club, Shaker Heights Thornton Park, Horseshoe Lake Park, and Nature Center At Shaker Lakes. Also nearby is John Carroll University and Case Western Reserve University! All 3 units are currently rented with wonderful, paying tenants who've been there over a year. One unit can be delivered vacant if requested by the buyer in case they would like to live in one unit and keep the others rented. This provides a unique opportunity to live for free and even collect some income! There is also a property management company in place that can be transitioned to the new buyer if they'd like. Lowest taxes in Shaker Hts Neighborhood!
Location
State OH
County Cuyahoga
Direction East
Rooms
Basement Concrete,Unfinished
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air,Gas
Cooling Ceiling Fan(s)
Fireplace No
Appliance Range,Refrigerator
Laundry In Basement,Lower Level
Exterior
Exterior Feature Private Yard
Parking Features Asphalt,Driveway,Detached,Garage Faces Front,Garage,On Street
Garage Spaces 2.0
Garage Description 2.0
Fence None
Pool None
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Lot Description Front Yard,Paved
Faces East
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Shaker Heights Csd - 1827
Others
Tax ID 735-13-007
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan