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121 E Highland AVE Ravenna, OH 44266
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Key Details
Sold Price $220,000
Property Type Single Family Home
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,306 sqft
Price per Sqft $66
MLS Listing ID 5090604
Sold Date 02/20/25
Bedrooms 5
Full Baths 3
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 3,306
Total Fin. Sqft 3306
Year Built 1926
Annual Tax Amount $2,682
Tax Year 2023
Lot Size 0.312 Acres
Acres 0.312
Property Sub-Type Triplex
Property Description
This 3-unit investment property in Ravenna presents an incredible opportunity for steady rental income with significant upside potential. The property is in excellent condition, with all major mechanicals updated in recent years, including the roof, windows, wiring, water heaters, and furnace—providing peace of mind and minimizing future maintenance costs. Neat and well-maintained, each unit is currently fully rented with one-year leases in place, ensuring immediate cash flow. Best of all, the current rental rates are significantly below market value, offering an attractive opportunity for future rent increases and maximizing your investment return. Don't miss out on this rare find!
Location
State OH
County Portage
Rooms
Basement Full
Interior
Heating Baseboard, Electric, Forced Air, Gas
Cooling None
Fireplace No
Laundry Main Level
Exterior
Parking Features Detached, Garage, Unpaved
Garage Spaces 3.0
Garage Description 3.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Accessibility None
Garage true
Private Pool No
Building
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Ravenna Csd - 6706
Others
Tax ID 31-349-04-00-040-000
Financing Conventional
Special Listing Condition Standard
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Bought with John A Dragoiu • RE/MAX Pathway