9904 Parkgate AVE Cleveland, OH 44108
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,707 sqft
Price per Sqft $55
Subdivision Superior Park Sub #1
MLS Listing ID 5257142
Bedrooms 5
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,707
Year Built 1911
Annual Tax Amount $2,146
Tax Year 2025
Lot Size 4,399 Sqft
Acres 0.101
Property Sub-Type Triplex
Stories Three Or More
Story Three Or More
Property Description
Units 1 and 2 each feature 2 bedrooms and 1 full bathroom, while Unit 3 offers 1 bedroom and 1 full bathroom. Each unit includes a spacious living room, a functional kitchen, and an adjoining dining room, creating a practical layout with comfortable spaces for everyday living. The basement provides additional storage and potential for future value-add improvements, plus a detached 1-car garage.
Unit 1 currently rents for $875/mo, and Unit 2 rents for $900/mo, both on month-to-month leases, generating $1,775 in current monthly gross rental income. Unit 3 is vacant with an estimated market rent of $960/mo, presenting an opportunity to increase total gross rental income to $2,735/mo, or $32,820 annually.
Conveniently located in Cleveland, with easy access to I-90 and major roadways, providing connections to destinations throughout the area. Nearby Louis Stokes Cleveland VA Medical Center and UH Cleveland Medical Center place major healthcare and employment destinations within reach, while Little Italy offers additional dining and neighborhood attractions. Proximity to public transportation, shopping, schools, parks, and everyday essentials further enhances the property's appeal for tenants. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! With stable rental income and a vacant third unit offering additional income potential, this triplex presents an opportunity to expand your portfolio or enter the multifamily market! Schedule your showing today and discover the possibilities! No wholesalers. No Seller financing. No low ball offers.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplace No
Laundry In Basement
Exterior
Parking Features Driveway, Detached, Garage
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 109-08-002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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