3419 E 117 Street, Cleveland, OH 44120

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 … read more …