12804 Imperial Avenue, Cleveland, OH
$150,000
6 Beds
3 Baths
3 full
2667 SqFt
Turn-Key Triplex Investment! Welcome to 12804 Imperial Avenue, a fully turn-key triplex offering excellent cash flow and minimal maintenance from day one. This asset has been extensively renovated and is primed to pass Section 8 inspection—making it ideal for investors seeking reliable, stable income! Recent updates include a complete exterior and interior scrape and fresh paint, and the property has passed city lead inspection (lead-safe certificate expected in ~3 months). Inside, you'll find new LVP flooring and carpet throughout, along with 50% of the windows replaced—with the remainder in full working order. Full list of 36-itemized scope of work completed during the current ownership's rehab in MLS supplements. The unit mix includes: Two 2 bed / 1 bath units with dining room, living room and private porches! One 1 bed / 1 bath third-floor unit! All units have private entrances! Long driveway with ample parking, partially fenced in backyard! Rental Breakdown: One Section 8 tenant currently paying $870, with a rent increase request already submitted (should be at least $1,000 after increase). Second 2-bed unit has an accepted application at $950. The 1-bed unit is recommended to rent for $600/month to a cash-paying tenant. Projected gross rent fully leased: $2,600/month, offering an impressive 18–21% cash-on-cash return. This is a rare opportunity to acquire a high-yield, Section 8-ready property with all the heavy lifting already done.Close to parks, recreation, restaurants, freeway access, hospitals, shopping and more! Contact listing agent today for your private tour or with questions!
Property Details
| Property Type | Residential |
|---|---|
| Mls # | 5119526 |
| LotSize | 0.09 acres |
| Property Subtype | Triplex |
| Year Built | 1925 |
| Cooling Systems | none (cooling) |
| Exterior Types | see remarks |
| Heating Fuels | forced air |
|---|---|
| Parking Types | driveway |
| Num Of Floors | 3 |
| Roof Types | asphalt,fiberglass |
| Appliances | Range |
| School District | Cleveland Municipal - 1809 |
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Reviews
Leilani was very knowledgeable and helpful in the area of Ohio. She was very attentive to my needs as a buyer. I would highly recommend you give her an opportunity to serve you. A++ service.
03/08/2024 - zuser20180524205745822
Leilani did an excellent job. She was attentive and listened to my wants and needs. I will recommend Leilani because of her dedication to making sure the process went smoothly.
02/08/2024 - msspryor
Leilani is professional and gets the job done. I highly recommend her expertise to anyone looking to purchase in her area. She took care of everything for us.
11/15/2023 - tkennedyail
Leilani went over and above to help me find a home in the neighborhood I wanted. We worked together with me in a different state, and she was ALWAYS responsive and available for questions.. I can’t...
Read more 04/08/2021 - abbdkulakowski
I highly recommend working with Leilani. She’s great in all aspects of purchasing on a property. Extremely knowledgeable and helpful during this entire process.
01/21/2021 - zuser20161209193741194
View more reviewsI couldn't of been more happy working with Leilani on my real-estate transaction. She is very knowledgeable about the market and also kept me in the loop on any issues that came up. I would...
Read more 01/16/2021 - zuser20160306152918268
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