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32662745
32662732

3424 West 117th Street, Cleveland, OH 44111

MA
OH SAL.2014004734
RE/MAX Haven Realty
Listed by RE/MAX Haven Realty
$175,000
20 days on market
Updated 20 days ago

3424 W 117th St Cleveland OH 44111

Details
APN 018-05-042
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,986
Year Built 1921
Buildings 1
Stories 2
Acreage 0.080
Sale Condition N/A

About This Property

Marketing description

This updated duplex presents a strong value-add opportunity for investors looking to generate immediate cash flow! Each unit offers 2 beds & 1 bath, spacious living room & functional kitchen layout, creating comfortable & practical living spaces for tenants, & a shared basement, providing additional storage. The lower unit is currently vacant, the market rent is $900/mo. The upper unit is tenant-occupied at $950/mo. on a month-to-month lease, providing immediate income. The down unit features newer LVP flooring across the main living areas, including the living room, dining room, kitchen & bedrooms. The bathroom has vinyl flooring, newer vanity, updated plumbing, & tub surround in excellent condition. The well-maintained kitchen cabinetry, is paired with a newer sink & faucet. The upper unit has vinyl flooring in the main living areas & LVP flooring in the hallways & bedrooms. The kitchen cabinetry is enhanced with a newer faucet & plumbing updates in kitchen & bathroom sinks. The bathroom has ceramic tile flooring, newer vanity, mirror, faucet & well-maintained ceramic tub surround. The basement features separate electrical panels for each unit & individually metered gas & electric utilities, offering convenience. Major mechanicals include a furnace estimated to be approximately 10 years old & hot water tanks (2013) for both units. The basement has toilet and LVP flooring on the stairway leading down, adding durability. Located in Cleveland, this property offers convenient access to major roads, public transportation, schools, shopping, & other local amenities. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! With one unit vacant & the other providing steady income, this duplex is well-positioned for investors seeking a balanced mix of immediate returns & future appreciation! No wholesalers. No Seller financing. No low ball offers.

Investment highlights

Duplex, 4 bed, 2 bath

Shared driveway and shared parking area

Down Unit

  • Younger LVP flooring throughout the living room, dining room, kitchen, and bedrooms
  • Bathroom has vinyl flooring and a younger vanity with updated plumbing
  • Tub and tub surround appear newer
  • Kitchen cabinets older but well maintained with a younger faucet and sink

Up Unit

  • Vinyl flooring throughout the living room, dining room, and kitchen
  • LVP flooring throughout hallways and bedrooms
  • Kitchen vanity is older but in decent condition with a newer faucet
  • Updated plumbing visible under the kitchen sink and bathroom sink
  • Bathroom has ceramic flooring
  • Bathroom includes a younger vanity, faucet, mirror, and well maintained ceramic tub surround

Basement updated

  • electrical panels for each unit
  • each unit metered separately for gas & electric
  • Furnace within approximately 10 years old
  • Upstairs hot water tank is from 2013
  • Downstairs hot water tank is from 2013
  • Toilet present in the basement
  • Stairway leading to the basement has LVP flooring

Listing Contacts

MA
OH SAL.2014004734
RE/MAX Haven Realty
Listed by RE/MAX Haven Realty

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Additional Information

Name
Michael Azzam
License
SAL.2014004734
Brokerage Phone
440-519-3100
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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