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For Sale Triplex

3278 117th Street, Cleveland, OH

3278 117th Street, Cleveland, OH, 44111
$289,000

Property Details

6 Bedrooms
2 Bathrooms
Triplex

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 Information

Address 3278 117th Street
City Cleveland
State OH
Zip Code 44111
Price $289,000
Property Type Residential Income
Listing Type Triplex
Bedrooms 6
Bathrooms 2

Location

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