#5097516, Sophie Boehlen, Listing Office: Premier Heights Realty LLC
2189 Rexwood Rd Cleveland Heights, OH 44118
Property details
About 2189 Rexwood Rd
Turnkey tand beautifully updated and maintained triplex in a prime Cleveland Heights' location! This property is just a short walk from the Cedar-Lee retail district and all it has to offer - from cafes, restaurants, bars, a cinema and yoga studio to the soon-to-be-finished mixed use luxury apartment building. Both first and second floor units offer 2 bedrooms + a sunroom. All 3 units have central AC and in-unit washers and dryers. The 3rd floor has skylights that brighten the space quite nicely. Although current gross rents total almost $45K/year, there is room to increase this to $54K without additional CapEx or doing furnished rentals. Property is fully leased through May 31, 2025. 1st and 3rd floor tenants have renewed from 6/1/25-5/31/26 at a 5% increase in current rents. Roof is approximately 5 years old. Updates/Improvements = roof, electrical panels, HWT, kitchens, bathrooms. Tenants pay ALL utilities, including water, sewer, and trash. Off-street parking for 5 cars. Property will transfer POS-compliant. Seller is also selling 2075 Coventry (a triplex) + 1504 East 107 (furnished student housing) + 1520 E 108 (furnished student housing).
Highlights
Summary
- MLS Number: 5094061
- MLS Name: NOWDD
- Office Name: Premier Heights Realty LLC
- Office Email: sophie@premierheights.com
- Listing Agent: Sophie Boehlen
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Last updated on: 3/3/2025, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$430,000
2189 Rexwood Rd
$5,106
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Jul 08, 2016 | Home Sold | $80,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $35,290 | $3,929 |
2022 | $35,290 | $3,909 |
2021 | $35,280 | $3,833 |
2020 | $31,500 | $3,706 |
2019 | $31,510 | $3,582 |
2018 | $31,510 | $3,584 |
2017 | $31,510 | $3,846 |
History based on county public records data.
Nearby schools
4
Fairfax Elementary School
Public District KG-5
0.5 mi
•3150 Fairfax Rd
5
Boulevard Elementary School
Public District KG-5
0.9 mi
•1749 Lee Rd
5
Canterbury Elementary School
Public District KG-5
1.1 mi
•2530 Canterbury Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,688. Typical income of Cleveland Heights, OH residents is less than $<35k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
Similar homes for sale
This home is located at 2189 Rexwood Rd in Cleveland Heights, OH and zip code 44118. This 3,277 square foot home, which was built in 1922, sits on a 0.12 acre lot. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 15, 2025 and is currently priced at $430,000.
In February 2025, from all listings sold in Cleveland Heights, OH there were more than 4 sold above asking price, over 20 sold below and more than 3 were sold right at the asked price. In February 2025 in Cleveland Heights, OH there were 12.8% more homes for sale than in January. Listings spent 71 days on the market in February 2025, and had a median list price of $212,916 during the same period.