12804 IMPERIAL AVENUE, CLEVELAND, OH 44120

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$150,000

bedrooms

bathrooms

square feet

2,667

Acreage

0.09

Open Houses

year built

1925

Full Baths

Half Baths

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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—making it ideal for investors seeking reliable, stable income! 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: One Section 8 tenant currently paying $870, with a rent increase request already submitted (should be at least $1,000 after increase). Second 2-bed unit has an accepted application at $950. The 1-bed unit is recommended to rent for $600/month to a cash-paying tenant. Projected gross rent fully leased: $2,600/month, offering an impressive 18–21% cash-on-cash return. 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!

Location
Subdivision	-
County	Cuyahoga County
Elementary School	-
Middle School	-
High School	-

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None scheduled.

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MLS number: 5119526

Listing agent: Leilani Bowersock

Listing broker: Coldwell Banker Schmidt Family Of Companies

Copyright © 2025 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Sunday, May 4 2025 at 12:36 a.m. EDT

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