5940 Engel AVE Pending Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44127
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Subdivision Canfield Ray Bowen Allotment
MLS Listing ID 5113000
Bedrooms 6
Full Baths 3
Year Built 1905
Annual Tax Amount $726
Tax Year 2024
Lot Size 4,199 Sqft
Property Sub-Type Triplex
Property Description
Investor's Dream at 5940 Engel Avenue, Cleveland, OH 44127
Attention investors! This fully occupied powerhouse delivers massive cash flow of $3,800 per month and is priced to sell. With an estimated Net Operating Income (NOI) of $29,600 and an outstanding 10.8% cap rate, this freshly renovated property is a turnkey gem offering immediate returns and lasting value.
Completely updated in 2025, this triplex shines with all-new vinyl windows, fresh paint throughout, luxury vinyl plank (LVP) flooring, and new carpet in every unit—ensuring low maintenance and high tenant appeal. The property features three income-producing units, all currently occupied and optimized for profitability. Unit 1 is a spacious 2-bedroom, 1-bathroom unit generating $1,500 per month. Unit 2 is a flexible 3-bedroom, 1-bathroom layout (convertible to a 2-bedroom, 1-bath) bringing in steady rent. Unit 3 is an efficient studio yielding $800 per month, with the potential to combine with Unit 2 for a true 1-bedroom configuration—offering versatility to boost income.
Rental registered with the City of Cleveland and boasting a 2025 lead certification, this property is fully compliant and move-in ready for investors seeking hassle-free ownership. Located in a high-demand area with convenient access to local amenities, this is a rare chance to own a high-yield, cash-flowing asset with modern upgrades throughout. Act fast—secure this income generator at $275,000 and start profiting today!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Exterior
Parking Features Driveway
Fence Chain Link,Partial
Roof Type Asphalt,Fiberglass
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Special Listing Condition Standard