12804 Imperial Avenue, Cleveland, OH 44120
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by:leilani m bowersock
Office:coldwell banker schmidt realty
MLS#:5119526
Source:OH_NORMLS
Price summary
- Price:$150,000
- Price per sq. ft.:$56.24
About this home
Turn-Key Triplex Investment! Welcome to 12804 Imperial Avenue, a fully turn-key triplex offering excellent cash flow and minimal maintenance from day one. This asset has been extensively renovated and is primed to pass Section 8 inspection for remaining units—making it ideal for investors seeking reliable, stable income! Down unit recently vacated
Recent updates include a complete exterior and interior scrape and fresh paint, and the property has passed city lead inspection (lead-safe certificate expected in ~3 months). Inside, you'll find new LVP flooring and carpet throughout, along with 50% of the windows replaced—with the remainder in full working order. Full list of 36-itemized scope of work completed during the current ownership's rehab in MLS supplements.
The unit mix includes:
Two 2 bed / 1 bath units with dining room, living room and private porches!
One 1 bed / 1 bath third-floor unit! All units have private entrances! Long driveway with ample parking, partially fenced in backyard!
Rental Breakdown:
Unit 1 vacant, was renting at $1K sec 8.
Second 2-bed unit: CASH $925
The third level is ready to go with a 1-bed unit is recommended to rent for $600/month to a cash-paying tenant or more with sec 8. Projected gross rent fully leased: $2,600/month, offering an impressive 18–21% cash-on-cash return.
Roof 2016, hot water tanks and furnaces within last 5 years.
This is a rare opportunity to acquire a high-yield, Section 8-ready property with all the heavy lifting already done. Close to parks, recreation, restaurants, freeway access, hospitals, shopping and more! Contact listing agent today for your private tour or with questions!
Contact an agent
Home facts
- Year built:1925
- Listing Id #:5119526
- Added:104 day(s) ago
- Updated:August 15, 2025 at 07:13 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,667 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1925
- Building area:2,667 sq. ft.
- Lot area:0.09 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$150,000
- Price per sq. ft.:$56.24
- Tax amount:$654 (2023)
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