c.1900 Victorian-Era Ohio Triplex $100K
OHU50K Notes $100,000
c.1900 Victorian-Era Ohio Triplex. This triplex is comfortable and laid out well. Located on a nice tree lined street with other historic homes.
Realtor Comments
Investor Special – Turnkey Triplex – Cash Flow + Long-Term Value! This well-maintained freshly painted triplex offers three unique units offering solid cash flow and value-add potential. Ideal for buy-and-hold investors seeking a steady return. 1st Floor: Spacious 1 BR/1 BA with 5-room layout (foyer, living, dining, kitchen, large bedroom), Newer carpet. 2nd Floor: 2 BR/1 BA 3rd Floor: Loft-style 1 BR/1 BA Convenient location near schools, shopping, and public transit. Tenant Occupied, Month-to-Month Leases please allow 24-hour notice for showings.
- 4 bed
- 3 bath
- Build date 1900
If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Pros
- Residential Ambiance: Forest Hills is known for its tree-lined streets and spacious homes, providing a suburban feel while being close to the city.
- Community Focus: The neighborhood has a strong sense of community, with involvement in local events, parks, and recreational activities.
- Accessibility: Convenient access to major highways and public transportation makes commuting to downtown Cleveland and surrounding areas easier.
- Recreational Areas: Nearby parks and green spaces offer opportunities for outdoor activities, such as hiking, biking, and picnicking.
- Diverse Housing Options: The area features a range of housing styles and sizes, catering to various family needs and budgets.
- Cultural Attractions: Close to several cultural institutions, including museums, theaters, and art galleries in Cleveland.
Cons
- Cost of Living: While generally affordable, some parts of Forest Hills can be more expensive compared to other neighborhoods, particularly for larger homes.
- Public Schools: The quality of schools can be variable, which may concern families with school-aged children.
- Traffic: Commuting can be affected by traffic congestion, especially during peak hours, which can be frustrating.
- Limited Nightlife: Compared to other urban areas, the nightlife and entertainment options in Forest Hills may be limited.
- Older Infrastructure: Some parts of the neighborhood may have aging infrastructure that could require maintenance and upgrades.
- Weather Considerations: Winters in Cleveland can be harsh, which may impact outdoor activities and commuting.
Family History
This was the home of Bernard Riley Sr. (b.1853). He married Alice Kelly (1859-1927) in 1877. Born in Ireland, Bernard (aka Barney) was employed as an engineer. The couple had eight children, Katie, Mamie, Edward, Joe, Bernard Jr, Elsie, Frank and Bernadette. By 1920 Alice was a widow with five children still living in the home. After her death in 1927, the family continued to live in the home for another 10 years.
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