3271 Desota Avenue, Cleveland Heights, OH 44118

$317,900
5
BD
3
BA
2,896
SqFt
Add to Favorites Request Information New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

View on Map Request Info Add to Favorites
Sold Price
$317,900
List Price
$289,000
Status
CLOSED
Stories
3
MLS#
5184613
Year Built
1925
Closing Date
Mar 10, 2026
Bedrooms
5
Bathrooms
3
Living Area
2,896
Region
Cleveland Heights
Township
Cleveland Heights
Subdivision / Building
Minor Heights Land Companys
Contact Us Call Us View on Map New Search

(440) 539-6347

Property Description

Investor Highlight: Total monthly rental income of $3,400 ($40,800 annually) on a $289,000 purchase price, exceeding the 1% rule at 1.18%. Current rents include a $1,700/month furnished first-floor unit, $1,100/month (will be going up to $1125 soon) second-floor long-term tenant, and $600/month third-floor one-bedroom. Annual property taxes are $8,036 (˜ $670/month). Major capital improvements reduce near-term expenses with two new furnaces (2024), new refrigerator (2024), and new washer/dryer (2025). Well-maintained asset with documented annual servicing, offering immediate cash flow and minimal deferred maintenance. No seller financing and no wholesalers. PM is in place - truly a plug and play.

(440) 539-6347
Contact Us
Search All Properties

Additional Information

Taxes
$8,036
Acres
0.14
Sewer
Public Sewer
Roof
Asphalt, Fiberglass
Water
Public
Garage Spaces
3
Heating
Forced Air
Cooling
Wall/Window Unit(s)
School District
Cleveland Hts-Univer - 1810
Request Info Add to Favorites
Add to Favorites Request Information New Search

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing Courtesy of: Nicole Raichart, shakerheightsrealtor@gmail.com With Berkshire Hathaway HomeServices Professional Realty

Selling Office: Keller Williams Living.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 MLS Now. All Rights Reserved.