Come see this beautifully updated and meticulously maintained multifamily property in the highly regarded Shaker Heights School District! Offering excellent flexibility for both owner-occupants and investors, this property provides the opportunity to live in one unit while generating rental income or fully lease all three floors for a strong-performing investment. The first- and second-floor units offer nearly identical floor plans, with each featuring a large living room, updated kitchens with stainless steel appliances, two generously sized bedrooms, and an additional sunroom with its own door. This versatile space is ideal for a home office, bonus room, or potentially a small third bedroom, adding to the appeal and functionality of each unit and adding rental value. The income potential is particularly attractive, with the first-floor unit already occupied and projected gross annual rental income of $43,200 when all three units are fully leased. Using a conservative 40% expense allowance to account for property management, taxes, insurance, landlord-paid utilities, and ongoing maintenance and repairs, the property offers a projected cap rate of nearly 11% at the asking price when fully occupied. Additional features include an attached garage and a spacious patio area, both of which add to the property's appeal for prospective tenants. The Shaker Heights School District is another significant draw for renters looking to settle in an established community with highly regarded schools. Whether you're a first-time investor looking to get started, an owner-occupant seeking additional income, or a seasoned investor looking to expand your portfolio, this property offers an outstanding combination of flexibility, updates, and cash flow potential. Schedule your showing today!