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(440) 539-6347
Real Estate Company
3278 W 117th Street, Cleveland, OH 44111
- $225,000
- 6
- BD
- 2
- BA
- Sold Price
- $225,000
- List Price
- $289,000
- Status
- CLOSED
- Stories
- 2
- MLS#
- 5205123
- Year Built
- 1928
- Closing Date
- Jul 16, 2026
- Bedrooms
- 6
- Bathrooms
- 2
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- A J Marvins Resub
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.
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Additional Information
- Taxes
- $3,332
- Acres
- 0.16
- Sewer
- Public Sewer
- Roof
- Asphalt, Fiberglass
- Water
- Public
- Heating
- Forced Air
- Cooling
- Window Unit(s)
- School District
- Cleveland Municipal - 1809
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Listing Courtesy of: Tarina M Sidoti, tarina.sellshomes@yahoo.com With Berkshire Hathaway HomeServices Professional Realty
Selling Office: LPT Realty.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).
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