Remarks

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!

Details

MLS#: 5119526
Price: $150,000

Style: multifamily
Bedrooms: 6
Baths Full: 3
Baths Half: 0
Sq Ft: 2667
Year Built: 1925

County: Cuyahoga County