Cleveland, OH 44103,1615 E 47th ST
Cleveland, OH 44103,1615 E 47th ST
Cleveland, OH 44103,1615 E 47th ST
25
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$269,900
Est. payment /mo
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7 Beds
4 Baths
2,159 SqFt
Active Under Contract

1615 E 47th ST Cleveland, OH 44103

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,159 sqft

Price per Sqft $125

Subdivision Alexander Macinthosh Allotment

MLS Listing ID 5156339

Bedrooms 7

Full Baths 4

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 2,159

Year Built 1880

Annual Tax Amount $925

Tax Year 2024

Contingent Appraisal,Inspections

Lot Size 4,229 Sqft

Acres 0.0971

Property Sub-Type Triplex

Stories Two

Story Two

Property Description

Completely remodeled 3-unit in 44103 has been grossing $3,500/month or $42,000/year! This property EASILY beats the 1% Rule and 10-Cap benchmark. Everything is new, from the roof, siding, vinyl windows, and new concrete parking pads and driveway to all of the mechanicals and interior finishes. There are two 2-bedroom, 1-bath down units, each generating $1K per month. The entire second floor is a 3-bedroom unit with 2 FULL bathrooms and a covered porch. The 3-bedroom unit is currently vacant and listed for rent for $1500, which is what the previous tenant paid. All three kitchens have new cabinets with granite counters and newer stainless steel appliances including fridge/freezer, range, dishwasher and microwave. Each of the three units has Central AC and in unit washers and dryers. Owners pay all utilities and charge tenants a flat monthly fee. Total utility fees were generating $310/month when fully occupied. This will likely increase based on number of occupants who move into Unit 2. LEAD CERTIFICATE valid through April 2027. Termite and structural inspections were recently conducted. Reports are available in the supplements.

Location

State OH

County Cuyahoga

Rooms

Basement Partial, Unfinished

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Appliance Dryer, Dishwasher, Freezer, Microwave, Range, Refrigerator, Washer

Laundry In Unit

Exterior

Parking Features Driveway, Parking Pad

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 104-25-069

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange


Northern Ohio Regional MLS (YES-MLS)
Listed by Amelie Koski • Premier Heights Realty LLC • 216-860-0005, sophie@premierheights.com

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 6

    Cleveland Entrepreneurship Preparatory School

    Public | 5 - 8

  • 6

    Cleveland Arts and Social Sciences Academy

    Public | KG - 8

  • 5

    Scranton School

    Public | PK - 8

  • 5

    Michael R. White School

    Public | KG - 8

  • 4

    Buhrer Dual Language Academy

    Public | PK - 8

  • 4

    Tremont Montessori School

    Public | PK - 8

  • 4

    Campus International School

    Public | KG - 5

  • 4

    Village Preparatory School

    Public | KG - 4

  • 4

    Marion-Sterling School

    Public | PK - 8

  • 4

    Dike School of the Arts

    Public | PK - 8

  • 4

    Wade Park School

    Public | PK - 8

  • 4

    Daniel E. Morgan Elementary School

    Public | PK - 8

  • 4

    Bolton School

    Public | PK - 8

  • 4

    Citizens Academy

    Public | KG - 5

  • 3

    Northeast Ohio College Preparatory School

    Public | KG - 11

  • 3

    George Washington Carver School

    Public | PK - 8

  • 3

    Anton Grdina School

    Public | PK - 8

  • 3

    Franklin D. Roosevelt Academy

    Public | PK - 8

  • 2

    Luis Munoz Marin Dual Language Academy

    Public | PK - 8

  • 2

    Mary B. Martin School

    Public | PK - 8

Middle Schools 3
  • 4

    Horizon Science Academy-Cleveland Middle School

    Public | 6 - 8

  • 0

    The School of One

    Public | 8 - 12

  • 0

    Citizens Leadership Academy

    Public | 6 - 8

High Schools 20
  • 9

    Cleveland Early College High School

    Public | 9 - 12

  • 9

    Cleveland School of Science and Medicine

    Public | 9 - 12

  • 8

    Cleveland School for Architecture and Design

    Public | 9 - 12

  • 5

    Horizon Science Academy Cleveland

    Public | 9 - 12

  • 5

    Cleveland School of the Arts

    Public | 9 - 12

  • 2

    Successtech Academy School

    Public | 9 - 12

  • 2

    Design Lab @ Jane Addams

    Public | 9 - 12

  • 2

    East Technical High School

    Public | 9 - 12

  • 2

    New Technology Hs@East Tech

    Public | 9 - 12

  • 1

    Jane Addams Business Careers Center

    Public | 9 - 12

  • 1

    Health Careers Center High School

    Public | 9 - 12

  • 0

    Promise Academy

    Public | 9 - 12

  • 0

    Cleveland Academy for Scholarship Technology and Leadership

    Public | 9 - 12

  • 0

    Invictus High School

    Public | 9 - 12

  • 0

    Nexus Academy of Cleveland

    Public | 9 - 12

  • 0

    Believers Academy Program

    Private | 9 - 12

  • 0

    Life Skills High School of Cleveland

    Public | 9 - 12

  • 0

    St Martin de Porres High School

    Private | 9 - 12

  • 0

    Law & Municipal Careers @ Mlk

    Public | 9 - 12

  • 0

    Langston Hughes High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Kristine Roberts

Kristine Roberts

Agent | License ID: c27336

+1(304) 914-9340

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1615 E 47th ST