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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! AFFORDABLE 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 located near major universities, hospitals, and ongoing redevelopment! 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 with comfortable, functional layouts. The third-floor unit is currently tenant-occupied, with a tenant who would like to remain, while the first- and second-floor units are vacant and rent-ready, providing an excellent opportunity to generate additional rental income or explore owner-occupancy options! 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. Investors will appreciate the flexibility of an existing tenant combined with two available units, offering the potential to increase rental income and maximize returns. 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. Don't miss this opportunity to acquire a multifamily property in an active redevelopment area! IMPORTANT: Do not disturb third-floor tenant. Only first- and second-floor units may be shown prior to an accepted offer. Third-floor unit may be shown after an accepted offer. 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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