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Simply Better Realty
3278 W 117th Street, Cleveland, OH 44111
- $225,000
- 6
- BD
- 2
- BA
- Sold Price
- $225,000
- List Price
- $289,000
- Status
- CLOSED
- Days on Market
- 76
- Closing Date
- Jul 16, 2026
- MLS#
- 5205123
- Subtype
- Residential Income
- Year Built
- 1928
- Bedrooms
- 6
- Bathrooms
- 2
- Full Baths
- 2
- Acres
- 0.16
- Subdivision
- A J Marvins Resub
- Neighborhood
- A J Marvins Resub
- MLS Area Major
- Cleveland
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.
Additional Information
- Taxes
- $3,332
- Heating
- Forced Air
- Air Conditioning
- Window Unit(s)
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- Off Street
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Tarina M Sidoti, tarina.sellshomes@yahoo.com With Berkshire Hathaway HomeServices Professional Realty
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