6415 Gertrude AvenueCleveland, OH 44105

6415 Gertrude AvenueCleveland, OH 44105

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$349,000 Active
Multi Unit - Multiple MLS 5183887
10 beds 3 full baths 3,772 sqft

Listed By

Agency Name: EXP Realty, LLC.
Agency Contact: nicoleguizzotti@gmail.com, 216-906-2694

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

FULLY UPDATED TURN KEY triplex offering a clean, modern feel throughout and strong potential for both owner-users and investors alike. This well-maintained property features three spacious units with flexible layouts, each showcasing fresh finishes, neutral paint tones, and updated flooring that create a bright, move-in-ready atmosphere. Large windows bring in abundant natural light, while thoughtful room flow allows for comfortable living and versatile use of space. Kitchens have been refreshed with modern cabinetry and ample counter space, and bathrooms are clean and updated with contemporary fixtures. Multiple units offer bonus rooms that can serve as additional living areas, office space, or storage, adding flexibility to each floor plan. A full unfinished basement provides laundry access and additional storage options. Outdoor features include welcoming covered porches, balconies, and a shared yard?ideal for enjoying fresh air or casual outdoor use. The property also offers a private driveway for convenient off-street parking. Separate utilities for electric and gas help streamline management, with owner-paid water and sewer. With its updated condition, multiple income streams, and practical layout, this property presents an attractive opportunity for investors seeking a solid addition to their portfolio or buyers looking for a multi-unit option with long-term potential. Projected rents total $4,494 per month, generating an estimated annual NOI of about $35,000 and placing this property at an approximate 10% cap rate, a rare return for something this updated and move in ready. Updates Include new roof, windows, plumbing and electrical, HVAC and HWTs in each unit as well as designated laundry areas. Can be sold as part of a portfolio, contact list agent

6415 Gertrude Avenue | MLS# 5183887

This multi-family property located at 6415 Gertrude Avenue, Cleveland, OH 44105 is currently listed for sale with an asking price of $349,000. Gertrude Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Days on Market: 38
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $1,717 / year
Year Built: 1910

Feature Descriptions

Exterior: Aluminum Siding
Laundry: Lower Level
Parcel#: 132-13-050
Parking: Driveway
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 6415 Gertrude Avenue, Cleveland, OH 44105
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,947.65 per month $1,702.77 Principal & Interest $143.08 Property Tax $101.79 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage