12322 Fairport Ave Cleveland, OH 44118

This is a fully renovated triplex property. The main level offers a front enclosed patio area open for all tenant use, private front and side entrances to all units. The first and second levels feature a large living room area with a gas fireplace, three bedrooms, a dining room area with built-in shelves and cabinets, a full kitchen, a full bathroom, and ample closet space. The third level is a fully renovated unit with one bedroom, a living room, an open layout kitchen, a full bathroom, and plenty of closet space. The property is fully tenant-occupied, generating a gross rent of $2085.00 per month. Unit one rents for $795 per month, with the tenant paying their own gas and electric. Unit two rents for $695 per month, and unit three rents for $595.00 per month. Updates include interior paint, light fixtures, redone ceilings, new carpet, flooring, or tile throughout each unit, renovated kitchens with new cabinets, sinks, countertops, and flooring, appliances for all units, renovated bathrooms with flooring, vanity, toilet, tub, and tilework for flooring and tub surround, carpet for the stairwell to units, all plumbing, some newer windows this year, and all other windows newer as of 2022. Additional updates include a full concrete driveway, a flowerbed area, utility outlets for all units, second-floor balcony repairs, newer hot water tanks, maintenance on furnaces (within 10 years on furnaces), enclosed front patio paint, and vinyl siding. The property includes a two-car garage, not currently used, and a fenced-in backyard. There is a large lot to the right of the property owned by Cleveland Land Bank, and the new owner can acquire that large parcel. The property is located close to parks, restaurants, shopping, freeway access, and a close distance to downtown and hospitals. The property size is 2736 square feet and the lot size is 0.11 acres.