2921 Ludlow RD, Cleveland, OH 44120
2921 Ludlow RD, Cleveland, OH 44120
2921 Ludlow RD, Cleveland, OH 44120
37
See all 37 photos
$240,000
Est. payment /mo
Save
6 Beds
4 Baths
3,464 SqFt
New

2921 Ludlow RD Cleveland, OH 44120

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Town & Country

Town & Country

+1(740) 454-0500

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,464 sqft

Price per Sqft $69

Subdivision Vansweringen Companys 11

MLS Listing ID 5259352

Bedrooms 6

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 3,464

Total Fin. Sqft 3464

Year Built 1930

Annual Tax Amount $7,361

Tax Year 2025

Lot Size 6,760 Sqft

Acres 0.1552

Property Sub-Type Triplex

Property Description

Come see this beautifully updated and meticulously maintained multifamily property in the highly regarded Shaker Heights School District! Offering excellent flexibility for both owner-occupants and investors, this property provides the opportunity to live in one unit while generating rental income or fully lease all three floors for a strong-performing investment. The first- and second-floor units offer nearly identical floor plans, with each featuring a large living room, updated kitchens with stainless steel appliances, two generously sized bedrooms, and an additional sunroom with its own door. This versatile space is ideal for a home office, bonus room, or potentially a small third bedroom, adding to the appeal and functionality of each unit and adding rental value. The income potential is particularly attractive, with the first-floor unit already occupied and projected gross annual rental income of $43,200 when all three units are fully leased. Using a conservative 40% expense allowance to account for property management, taxes, insurance, landlord-paid utilities, and ongoing maintenance and repairs, the property offers a projected cap rate of nearly 11% at the asking price when fully occupied. Additional features include an attached garage and a spacious patio area, both of which add to the property's appeal for prospective tenants. The Shaker Heights School District is another significant draw for renters looking to settle in an established community with highly regarded schools. Whether you're a first-time investor looking to get started, an owner-occupant seeking additional income, or a seasoned investor looking to expand your portfolio, this property offers an outstanding combination of flexibility, updates, and cash flow potential. A video tour can be shared upon request. Schedule your showing today!

Location

State OH

County Cuyahoga

Rooms

Basement Full, Unfinished

Interior

Heating Hot Water, Steam

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

Fireplace No

Appliance Dryer, Dishwasher, Range, Refrigerator, Washer

Laundry In Basement

Exterior

Parking Features Attached, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Garage true

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 Shaker Heights Csd - 1827

Others

Tax ID 144-08-004

Acceptable Financing Cash, Conventional, 1031 Exchange, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, 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

GET MORE INFORMATION

Town & Country

Town & Country

Real Estate Brokerage License ID: 0000331236

+1(740) 454-0500

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Town and Country Realtors, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

2921 Ludlow RD