3271 Desota Avenue, Cleveland Heights OH 44118 (Off Market)

For Sale, USD 289,000


3271 Desota Avenue, Cleveland Heights OH 44118,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 2,896 ft² / 269 m²

Land Size : N/A

Bedroom : 5

Bathroom : 3

Half Bathroom : 0

MLS#: N/A


Property Description

Investor Highlight: Total monthly rental income of $3,400 ($40,800 annually) on a $289,000 purchase price, exceeding the 1% rule at 1.18%. Current rents include a $1,700/month furnished first-floor unit, $1,100/month (will be going up to $1125 soon) second-floor long-term tenant, and $600/month third-floor one-bedroom. Annual property taxes are $8,036 ( $670/month). Major capital improvements reduce near-term expenses with two new furnaces (2024), new refrigerator (2024), and new washer/dryer (2025). Well-maintained asset with documented annual servicing, offering immediate cash flow and minimal deferred maintenance. No seller financing and no wholesalers. PM is in place - truly a plug and play.
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3271 Desota Avenue, Cleveland Heights OH 44118, United States,Ohio,Cleveland Heights is a 2,896ft² Cleveland Heights luxury Multi-Family Home listed for sale USD 289,000. This high end Cleveland Heights Multi-Family Home is comprised of 5 bedrooms and 3 baths. Find more luxury properties in Cleveland Heights or search for luxury properties for sale in Cleveland Heights.