3419 E 117 ST Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44120
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,870 sqft
Price per Sqft $46
Subdivision Knopf
MLS Listing ID 5144775
Bedrooms 6
Full Baths 3
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 3,000
Year Built 1920
Annual Tax Amount $1,209
Tax Year 2024
Contingent Inspections
Lot Size 5,118 Sqft
Acres 0.1175
Property Sub-Type Triplex
Property Description
Fully turnkey triplex in Mount Pleasant delivering immediate income potential and long-term upside. The property consists of three units, each with private entrances. The first-floor unit includes the finished basement, offering 3 bedrooms and 1.5 baths, and is currently vacant. The second-floor unit is a 2 bed, 1 bath, also vacant. The third-floor unit is a 1 bed, 1 bath currently occupied by a reliable month-to-month tenant paying $650 who would like to stay. Market rents support $1,100 for the 3 bed, $1,000 for the 2 bed, and $750 for the 1 bed, giving a projected gross rental income of $2,850/month with room for upside. Major capital improvements include a brand-new roof, one new hot water heater, and fully updated interiors. Lead risk assessment and clearance exam in process to meet Cleveland's Lead Safe requirements prior to occupancy.
With all major work complete, this is a clean acquisition with strong cash flow, low maintenance, and immediate scalability. To allow everyone a chance to view the property, the seller will not review any offers on Tuesday at :400 PM. No offers will be accepted prior.
Location
State OH
County Cuyahoga
Rooms
Basement Finished
Interior
Heating Forced Air,Gas
Cooling None
Fireplace No
Appliance Range,Refrigerator
Exterior
Parking Features Driveway
Fence Chain Link,Wood
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 130-20-114
Special Listing Condition Standard