Listed By
Agency Name: Berkshire Hathaway HomeServices Professional Realty
Agency Contact: tarina.sellshomes@yahoo.com, 419-706-2365
Shown By
Agent Name: Leah Ackerman
Agent Phone: (614) 306-5050
Agency Title: Cutler Real Estate
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Property Description
**CASH COW** This three-unit property delivers exceptional income potential. The building features two fully renovated three-bedroom apartments, with a pristine basement that includes an efficiency area with laundry. There is also a commercial storefront currently leased at $1,000 per month (tenant has not yet taken occupancy). The property has been well maintained, including a brand-new roof installed just six months ago. Even the basement is in excellent condition, offering clean and usable space. Based on fair market rents exceeding $1,700 per unit for the apartments, the total monthly income potential approaches $4,400?making this a compelling opportunity at a VERY FAIR price point. With strong cash flow potential and valuable tax advantages, this property is well-suited for investors seeking reliable passive income or a long-term addition to a retirement portfolio. Priced competitively to reflect minor exterior cosmetic updates needed, this is a high-upside investment with solid fundamentals already in place.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Window Unit(s)
Heating: Forced Air
Lot Size: 0.16 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $3,332 / year
Year Built: 1928
Feature Descriptions
Exterior: Vinyl Siding
Parcel#: 021-22-004
Parking: Off Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,830.91 per month $1,468.95 Principal & Interest $277.67 Property Tax $84.29 Homeowner's InsuranceChange Payment Information
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3278 W 117th Street | MLS# 5205123
This multi-family property located at 3278 W 117th Street, Cleveland, OH 44111 is currently listed for sale with an asking price of $289,000. W 117th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.leahackerman.com today.