3387 Clarendon Rd

Discover the perfect blend of charm, comfort, and income potential in this three-family home! Ideal for an owner-occupant, the second floor is move-in ready. Two other units provide steady rental income. First and second floor units each offer two bedrooms plus a bonus tandem room. You’ll love the decorative fireplaces, built-in cabinetry, large front porches, and private front entries. Both feature central air and dishwashers for modern comfort, and the second floor boasts newly refinished hardwood and a brand new furnace to keep you warm all winter long. A third-floor one-bedroom unit adds flexibility with an updated bathroom, kitchenette (no stove), electric baseboard heat, and window AC. All units enjoy convenient parking, including one garage space and a driveway spot. There is room for an additional guest on the drive. Set on a tree-lined street and surrounded by a mix of single-family and multi-family homes, this property is close to several Cleveland Heights business districts with local shops and restaurants. Live in one unit, let the others help pay your mortgage, and enjoy the best of Cleveland Heights living! Please note: -Listing agent is co-owner. -POS complete EXCEPT electric panels. Please consider in offer; buyer assumption preferred due to other extensive updates. -Square footage approximate. Total includes est. 3rd fl., not as on auditor’s site. Auditor counts 6 bds (3 on 1st/2nd, no 3rd). -Taxes include street light/forestry assessment. -Landlord pays water/sewer/trash; tenants pay electric, gas (1st/2nd), and any cable/internet. -3rd fl. rent ($500) below market to support tenant during internship; tenant intends to move at end of current lease (Mar. 31) or shortly after in coordination with new landlord. Market rent much higher, esp. if additional minor updates completed. 1st fl. rent ($1100 + $25 for pet) below market for long-term tenant through August 31. Current est. market rent for 1st/2nd floor of at least $1500 each.