Listed by David Jackson of Howard Hanna ([email protected],216-548-9207)
Discover an exceptional multifamily investment opportunity offering outstanding cash flow potential and remarkable flexibility. Whether you're looking to owner-occupy while generating rental income, expand your investment portfolio and fully rent out a three-unit property, or capitalize on the short-term rental market, this property offers multiple avenues to maximize your return. The second and third floors are already fully furnished, making an Airbnb or other short-term rental strategy an immediately viable option. Recent capital improvements include two furnaces (2016), two hot water tanks (2022 and 2017), and a complete third-floor renovation in 2017. The income potential is particularly impressive, with projected gross annual revenue of $35,700 when fully occupied. Even after conservatively accounting for operating expenses at 35% of gross revenue, including landlord paid utilities, property management, taxes, insurance, and an allowance for repairs, the property offers a projected cap rate of over 12%. The exceptionally low property taxes further enhance the investment appeal and profit potential. Whether you're looking to purchase your first investment property or add another strong income-producing asset to your portfolio, this is an opportunity worth exploring. Schedule your showing today!

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Based on information submitted to MLS Now as of November 8, 2026 12:21 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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