Incredible investment opportunity on Cleveland's west side?perfect for both new and seasoned investors! This well-located duplex in the West Boulevard area generates $2,125 per month in gross rental income. The first-floor unit features two bedrooms and one bathroom and is leased for $1,075 per month, month-to-month. The second-floor unit also includes two bedrooms and one bathroom, leased for $1,050 per month through September 30, 2026. Additionally, the property has a third-floor efficiency with a bedroom, full bathroom, and kitchenette, currently vacant. The seller does not warrant that this unit can be legally rented, but there may be potential to rezone the property as a triplex or reconfigure the upper unit into a three-bedroom, two-bath layout to increase cash flow. Tenants are responsible for their own gas and electricity, while the owner pays for water and sewer. This is an excellent opportunity to acquire a strong income-producing property with upside potential in one of Cleveland's fastest-growing west-side neighborhoods.
Listed By
Agency Name: REAFCO
Agency Contact: patrick@reafco.com, 614-412-4565
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimated Payment
$ 1,612.11 per month $1,113.15 Principal & Interest $440.92 Property Tax $58.04 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.
3319 W 111th Street | MLS# 5201722
This multi-family property located at 3319 W 111th Street, Cleveland, OH 44111 is currently listed for sale with an asking price of $199,000. W 111th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.ikeyrealty.com today.