Property Description

Welcome to 2420 Overlook Rd, a fully updated triplex located in the highly sought-after Little Italy neighborhood of Cleveland, just moments from University Circle and minutes from Cleveland Heights amenities. This property presents a rare opportunity for both investors and owner-occupants. Two of the three units are currently leased, generating $2,650 per month, with one unit vacant and ready for immediate occupancy or lease-up. Based on strong rental demand in the area, the vacant unit has excellent income potential at approximately $1,850 per month, bringing projected total income to $4,500 per month and potentially more. The building has been fully updated and meticulously maintained. A major capital improvement includes conversion to forced-air furnaces with central A/C in all units ? a highly desirable feature for tenants and a significant upgrade compared to many properties in the area. Located in one of Cleveland's strongest rental corridors, this property benefits from proximity to University Hospitals, Case Western Reserve University, restaurants, cafes, and the vibrant culture of Little Italy ? supporting consistent tenant demand and long-term appreciation. For added peace of mind, the City of Cleveland Heights Point of Sale inspection will be completed prior to title transfer. Package Opportunity Available: The seller is also offering the neighboring property ? another fully updated 3-unit building ? which can be purchased separately or together as a package deal. This presents a rare chance to control six side-by-side units in a premier location, creating operational efficiencies and strong long-term portfolio positioning. Whether you're looking to house-hack in a prime location or acquire a high-performing asset with upside, 2420 Overlook Rd offers flexibility, stability, and growth potential.

Property Features

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