1683 Colonial DR new Save Request In-Person Tour Request Virtual Tour
Cleveland Heights,OH 44118
Key Details
Property Type Single Family Home
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,799 sqft
Price per Sqft $123
Subdivision Minor Heights
MLS Listing ID 5168272
Bedrooms 7
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,799
Total Fin. Sqft 2799
Year Built 1912
Annual Tax Amount $9,662
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Triplex
Property Description
Investor's dream meets house-hacker's paradise! This fully updated three-unit gem is just minutes from the vibrant Coventry Village, offering both strong returns and endless flexibility. The first-floor unit is a spacious 3-bed, 1-bath leased for $1,500/month, while the freshly vacated second-floor 3-bed, 1-bath (previously rented at $1,800/month) is move-in ready, perfect for an owner-occupant to live in comfort while your tenants pay the mortgage. The third unit, a charming 1-bed, 1-bath Airbnb/midterm rental, averages $1,500/month, giving you multiple income streams and short-term rental upside. Once fully occupied, enjoy an impressive 10%+ cap rate and nearly 15% cash-on-cash return, a true turnkey opportunity whether you're adding to your portfolio or diving into your first investment. With modern updates, central air, reliable income, and unbeatable proximity to shops, dining, and nightlife, this property delivers financial freedom and lifestyle flexibility in one rare package. *Note - County auditor website states that there are 4 bedrooms and 2 bathrooms but the owner states that there are 7 bedrooms and 3 bathrooms.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Central Air,None
Fireplace No
Exterior
Parking Features Detached,Garage,On Site,Paved
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Shingle
Garage true
Private Pool No
Building
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 684-33-063
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard