16601 Hilliard RD Active Save Request In-Person Tour Request Virtual Tour
Lakewood,OH 44107
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,544 sqft
Price per Sqft $172
Subdivision S H Kleinman Realty Cos Traym
MLS Listing ID 5115370
Bedrooms 5
Full Baths 3
Year Built 1925
Annual Tax Amount $7,460
Tax Year 2024
Lot Size 10,432 Sqft
Property Sub-Type Triplex
Property Description
Incredible investment opportunity in the heart of Lakewood—one of Cleveland's most sought-after neighborhoods! This beautifully maintained triplex currently generates $2,365 per month, with one vacant unit that could bring in an additional $1,500/month. The property features three spacious, sub-metered units—perfect for savvy investors or owner-occupants looking to house hack and offset their mortgage. The vacant first-floor unit is a 1,044 sq. ft. 2-bed, 1-bath. The second-floor unit, also 1,044 sq. ft. with 2 beds and 1 bath, is rented for $1,465/month. The third-floor unit is a charming 596 sq. ft. 1-bed, 1-bath leased at $900/month through August 31, 2025. Each unit boasts stunning hardwood floors, fully renovated kitchens with stone countertops and brand-new cabinetry, and fresh, modern paint throughout. Recent upgrades enhance both style and efficiency, making this property truly turnkey. Enjoy the convenience of a detached 2-car garage and the charm of a vibrant, walkable community just minutes from dining, shopping, and downtown Cleveland.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Exterior
Parking Features Detached,Garage,On Site,Paved
Garage Spaces 2.0
Garage Description 2.0
Roof Type Asphalt,Shingle
Building
Sewer Public Sewer
Water Public
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard