Investor Alert: Potential Cash-flow - Rarely does an asset this stabilized hit the market with these numbers. This updated 8-Bedroom Triplex in the Buckeye/Shaker neighborhood is a potential Cash-flow Powerhouse, delivering a 2.99% Monthly Return Potential?Nearly Triple the Traditional 1% rule. Based on 2026 CMHA standards ($1,762.00 for 3-BRs, $1,367.00 for 2-BRs), plus $200.00 for the 2-car garage, this property has a potential projected monthly income of $5,091.00. Every unit has been thoughtfully updated over the last 2 years with fresh paint, flooring, and updated kitchens/baths. Major capital improvements provide ultimate peace of mind: 2 total Furnaces (2024), 2 total Hot Water Tanks (2024), Newer grounded electrical outlets, and updated plumbing including main stacks and City-replaced main sewer/water lines. 2 total utility meters (2nd and 3rd unit on a shared meter). The exterior features a roof~ Approx: 2016, vinyl windows (1st/3rd floors), and a waterproofed basement. The first and second floors offer identical 3-BR layouts with large dining and living rooms, built-ins, and porches, while the third floor features a contemporary 2-BR layout. Located within walking distance to groceries and dining, and minutes from the Cleveland Clinic, University Hospital, Case Western, and Shaker Square. Over 2,400 sq/ft of high-performance living space with separate entrances and basement storage. Whether you are a first-time investor looking to house-hack or a seasoned pro seeking a high-yield asset, this property delivers value and long-term performance. Secure this investment today! Selling 'as is. Call today to schedule a private showing before it's gone!
Listed By
Agency Name: EXP Realty, LLC.
Agency Contact: homeswithtom@gmail.com, 440-829-4541
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimated Payment
$ 1,116.68 per month $950.93 Principal & Interest $116.17 Property Tax $49.58 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
3281 E 118th Street | MLS# 5208605
This multi-family property located at 3281 E 118th Street, Cleveland, OH 44120 is currently listed for sale with an asking price of $170,000. E 118th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.ikeyrealty.com today.