11710 Buckingham AVE, Cleveland, OH 44120
11710 Buckingham AVE, Cleveland, OH 44120
11710 Buckingham AVE, Cleveland, OH 44120
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$185,000
Est. payment /mo
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5 Beds
3 Baths
3,056 SqFt
New

11710 Buckingham AVE Cleveland, OH 44120

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Town & Country

Town & Country

+1(740) 454-0500

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Key Details

Property Type Single Family Home

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,056 sqft

Price per Sqft $60

MLS Listing ID 5259351

Bedrooms 5

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 3,056

Total Fin. Sqft 3056

Year Built 1918

Annual Tax Amount $1,983

Tax Year 2025

Lot Size 4,800 Sqft

Acres 0.1102

Property Sub-Type Triplex

Property Description

Discover an exceptional multifamily investment opportunity offering outstanding cash flow potential and remarkable flexibility. Whether you're looking to owner-occupy while generating rental income, expand your investment portfolio and fully rent out a three-unit property, or capitalize on the short-term rental market, this property offers multiple avenues to maximize your return. The second and third floors are already fully furnished, making an Airbnb or other short-term rental strategy an immediately viable option. Recent capital improvements include two furnaces (2016), two hot water tanks (2022 and 2017), and a complete third-floor renovation in 2017. The income potential is particularly impressive, with projected gross annual revenue of $35,700 when fully occupied. Even after conservatively accounting for operating expenses at 35% of gross revenue, including landlord paid utilities, property management, taxes, insurance, and an allowance for repairs, the property offers a projected cap rate of over 12%. The exceptionally low property taxes further enhance the investment appeal and profit potential. Whether you're looking to purchase your first investment property or add another strong income-producing asset to your portfolio, this is an opportunity worth exploring. A video tour can be shared upon request. Schedule your showing today!

Location

State OH

County Cuyahoga

Rooms

Basement Full, Storage Space, Unfinished

Interior

Heating Forced Air

Cooling Ceiling Fan(s), Window Unit(s)

Fireplace No

Appliance Dryer, Range, Refrigerator, Washer

Laundry Common Area, In Basement

Exterior

Parking Features Off Street, Parking Pad

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Garage false

Private Pool No

Building

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 129-08-033

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

VOW - Northern Ohio Regional MLS (YES-MLS) /MLS Now
Listed by David Jackson • Howard Hanna • davidjackson@howardhanna.com, 216-548-9207

Nearby Locations

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Town & Country

Town & Country

Real Estate Brokerage License ID: 0000331236

+1(740) 454-0500

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11710 Buckingham AVE