Vision Sales Team

3278 W 117th Street

Cleveland, OH 44111

MLS#: 5205123

$289,000

Status: Active
Listing number: 5205123
Listing provided by: Berkshire Hathaway HomeServices Professional Realty
Listing agent phone: None
Last update: 10 days ago
On site: 14 days ago
Browse Properties
A J Marvins Resub - Residential Income

Property

Beds

6

Full Baths

2

1/2 Baths

None

Year Built

1928

Sq.Footage

0

**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.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    2

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s)

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Parking

    Off Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.1591

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $289,000

  • Tax Amount

    $3,332

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of Tarina M Sidoti , Berkshire Hathaway HomeServices Professional Realty

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Agent Carla Ponikvar

Agent / Realtor®

Carla Ponikvar

Call Carla today to schedule a private showing.

(330) 760-3338

CarlaP@visionsalesteam.com


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**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.

3278 W 117th Street

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