2701 Hampshire Road
Cleveland Heights, OH, 44106 $ 289,900
Bedrooms7 Baths5.0 Sq 3,500 Monthly Estimate*
$ 2,025
for $289,900 with 7 bedrooms and 5 full baths. This 3,500 square foot home was built in 1917 on a lot size of 0.224.
Welcome to an extraordinary opportunity in the heart of Coventry Village, one of Cleveland's most coveted neighborhoods! This expansive 3-unit property is situated just steps away from live music venues, vibrant bars, delectable restaurants, and eclectic shopping destinations. Enjoy seamless access to Little Italy, Cleveland Clinic, Case Western Reserve, and all the area has to offer. With many updates throughout, this property boasts beautifully refinished hardwood floors, elegant stone countertops, newer hot water tanks, updated electrical, and more. The first and second-floor units feature spacious 3-bed, 2-bath layouts, while the third floor offers a sprawling loft-style 1-bed, 1-bath unit. Currently yielding a gross monthly rent of $3,730, this property presents an incredible investment opportunity with an over 8.5% cap rate. Embrace the chance to own a piece of this vibrant community, complete with modern comforts and potential for further growth. Don't hesitate to seize this chance to invest in one of Cleveland's most dynamic neighborhoods! The county auditor's website states that the property has 2 units, 6 bedrooms and 3 baths but the owner states that the property has 3 units, 7 bedrooms and 5 baths.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir Gas HotWater Steam
Cooling None
Possession DeliveryOfDeed
Roof Slate
Garage Spaces 4.0
Construction Materials Frame
Year Built 1917
Township Cleveland Heights
Levels ThreeOrMore
Property SubType Triplex
Tax Year 2023
County Cuyahoga
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Status Pending
Directions South of Mayfield Rd
City Cleveland Heights
View Y/N N
Senior Community Y/N N
High School District Cleveland Hts-Univer - 1810
Waterfront Y/N N
Carport Y/N N
Street Name Hampshire
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 6766.0
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 2
Standard Status Pending
Middle/Junior School District Cleveland Hts-Univer - 1810
Elementary School District Cleveland Hts-Univer - 1810
Year Built Source PublicRecords
Property Sub Type Additional Triplex
Legal Description 7 EUCHTS 0745 ALL
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InteriorBasement Full
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3500.0
Full Baths 5
Half Baths 0
Street Suffix Road
Total Bedrooms 7
Electric On Property Y/N N
Main Level Bathrooms 0
Above Grade Finished Area Source Assessor
Total Baths 5
Living Area Units SquareFeet
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ExteriorParking Features Detached Garage
Water Source Public
Lot Size Area 0.224
Number of Buildings 1
Spa N
Lot Size Acres 0.224
Lot Size Units Acres
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByRussell Real Estate ServicesBroker
tal@premierclevelandinvesting.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,025
- Monthly Property Taxes
- $564
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyAbout Cleveland Heights, OH 45,888 Population
-8% Since 2002
$ 55,064 Median Income
37.28 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
4457630 Elementary School
4457690 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/22/2024 | $289,900 | | Listed Price |