Property Description

Prepare to be moved! 2477 Lee Road in Cleveland Heights is a beautifully renovated triplex, offering 2,732 sq ft between two 2-bedroom, 1-bath units plus a loft apartment, making it ideal for investors and owner-occupants alike. Major improvements have already been completed, adding value and reducing immediate maintenance concerns. The front porch and balcony have been fully rebuilt. Unit #2 has been extensively renovated, including newer LVP flooring in the kitchen, newer carpeting, fresh paint throughout (walls, trim, and ceilings), updated light fixtures, and a fully refreshed kitchen with painted cabinetry, newer hardware, and a newer countertop. The bathroom has been updated with a newer vanity. Additional electrical improvements include four newly installed grounded outlets. The side stairwell has also been updated with newer flooring and fresh paint. The first- and second-floor units both offer functional layouts with spacious living rooms and dedicated dining rooms, all filled with natural light from large windows. The spacious kitchens in both units provide ample cabinetry and prep space. The tenant-occupied first-floor unit offers immediate income of $1,150/month through January 31st, 2027. The second-floor unit is currently vacant, allowing for potential rental income or owner occupancy. The loft unit, which features a large living space, a spacious bathroom, and bright kitchen is also tenant occupied through January 31st, 2028, providing a monthly income of $300. The basement includes two laundry hook-ups and storage space. A detached 2-car garage provides off-street parking. Conveniently located near shopping, dining, and parks including Forest Hill Park and the Nature Center at Shaker Lakes. Strong investment with key updates already completed and additional income potential in place.

Property Features

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