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3872 E 53rd Street, Cleveland, OH 44105

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For Sale

$45,000

7 beds • 3 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

This triplex property located in the emerging 44105 area of Cleveland offers an incredible opportunity for investors with a vision for transformation. The property currently appears on the condemned list but boasts significant potential for a savvy investor who can see the long-term value in revitalizing this multifamily asset. The building features two spacious 3-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a diverse layout ideal for rental income once restored. The property has the potential to generate strong cash flow upon rehabilitation, with a prime location in a neighborhood that is seeing positive growth and increasing demand for affordable rental properties. While the property requires substantial renovation, including addressing structural, electrical, plumbing, and other code-related issues, the foundation is there for someone with the expertise and resources to bring this triplex back to life. Once completed, this property could provide a significant return on investment, whether you choose to hold and rent the units or sell them after renovation. Located near major highways, public transportation, and local amenities, this triplex is positioned in a revitalizing neighborhood that continues to attract development and investment. If you re an investor with a strong vision and a passion for turning distressed properties into cash-flowing assets, this triplex represents a once-in-a-lifetime opportunity to create long-term wealth in a growing Cleveland market.
MLS# 5089932

Courtesy Of Greater Cleveland

(216) 839-5500

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Cooling System
    None
  • Lot Size
    0.3 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 3872 E 53rd Street, Cleveland, OH 44105

Home seller CENTURY 21 HomeStar

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 HomeStar

(440) 449-9100
Learn More About Us

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Monthly Payment Breakdown

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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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