OH
Cuyahoga
Cleveland
44103
1615 E 47th Street
1615 E 47th Street, Cleveland, OH 44103
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Listing Type
Multi Family
Listing Status
Active Under Contract
25
$269,900

Home Details for 1615 E 47th Street

Price
$269,900
Type
Residential Income
Bedrooms
7
Bathrooms
4.0
Square feet
2159
Year built
1880
Lot size acres
0.0971
County
Cuyahoga
Total rooms
11
Garage
Basement
Partial, Unfinished
Days on site
107
MLS Listing#
5156339
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.

Property Features
  • Parking
    • Driveway
    • Parking Pad
  • Basement
    • Partial
    • Unfinished
  • Cooling Information
    • Central Air
  • Heating Information
    • Forced Air
  • Water Features
    • Public
Listing Courtesy: Premier Heights Realty LLC - 216-860-0005
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information provided courtesy of the Northern Ohio Regional Multiple Listing Service.
Last Updated: 2025-12-29 08:45:54
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from YES MLS.
EXIT RIVERBEND REALTY
220 Main St, Belpre, OH 45714
Jim Richards
CA BRE: #: WVS180300267
License #: sal.2019007897
Sales Representative
Office
740 860 3555
Agent
304 210 7379
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