Property Description

Strong Buy-and-Hold Opportunity ready to earn $3,600 monthly gross rental income Renovated 4-Unit property, each with 2 bedrooms and 1 full bath across a functional 5-room layout. Updates include refreshed kitchens, refreshed bathrooms, newer flooring, and fresh paint, plus newer vinyl windows, glass block windows in the basement and brand-new hot water tanks. This property is a value-added opportunity offering consistent rental income and long-term appreciation. A rare chance to lock in a stable, cash-flowing asset in today's market. Please NO wholesaling, assignments or seller/creative financing.

3451 E 117th Street | MLS# 5182309

This multi-family property located at 3451 E 117th Street, Cleveland, OH 44120 is currently listed for sale with an asking price of $230,000. E 117th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Full, Unfinished

Basement: Yes

Cooling: None

Days on Market: 40

Heating: Forced Air

Lot Size: 0.10 Acres

Roof Type: Asphalt, Fiberglass

Stories: 2.0

Taxes: $2,462 / year

Year Built: 1918

Feature Descriptions

Exterior: Wood Siding

Fencing: Partial, Wood

Lot: City Lot

Parcel#: 130-20-122

Parking: Driveway, Off Street

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3451 E 117th Street, Cleveland, OH 44120

Fips

Fips Code 39035

Population

2020 to 2023 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2023 Estimate (V2023) 1,233,088

2020 Estimate (V2023) 1,264,775

Age Distribution (Years Old)

0 to 4 5.3%

5 to 17 20.3%

18 to 64 54.8%

65 and Older 19.6%

Gender

Male 48.1%

Female 51.9%

Place of Birth

Foreign 7.6%

US 92.4%

Education

High School Graduate, Age 25+ 90.9%

Bachelor's Degree or Higher, Age 25+ 35.2%

Computer and Internet use

Households with a computer 92.0%

Households with a broadband Internet subscription 85.7%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 60,427

Income

Per Capita Income $39,807

Median Household Income $60,074

People in Poverty 16.6%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 552,421

Average Household Size 2.23

Owner-Occupied 58.4%

Multi-Family 34.9%

Owner-Occupied Median Value $168,700

Median selected monthly owner costs -with a mortgage $1,472

Median selected monthly owner costs -without a mortgage $630

Median gross rent $952

Building Permits

New Private Housing Issued 2023 1,028

Years at Residence

1 Year or More 86.1%

Less Than 1 Year 13.9%

Business and Employment

Private non-farm Establishments 31,738

Private non-farm Employment 631,443

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 105,877

Number of Firms 114,192

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,394.42 per month $1,122.17 Principal & Interest $205.17 Property Tax $67.08 Homeowner's Insurance

Change Payment Information

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3451 E 117th StreetCleveland, OH 44120