3424 W 117th StreetCleveland, OH 44111

3424 W 117th StreetCleveland, OH 44111

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$175,000 Active
Multi Unit - Multiple MLS 5194895 New to the Market
4 beds 2 full baths 1 partial baths 1,986 sqft

Listed By

Agency Name: RE/MAX Haven Realty
Agency Contact: mike@theazzamgroup.com, 216-446-7606

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property 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.

3424 W 117th Street | MLS# 5194895

This multi-family property located at 3424 W 117th Street, Cleveland, OH 44111 is currently listed for sale with an asking price of $175,000. W 117th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 486royeravenuenw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: None
Heating: Forced Air
Lot Size: 0.08 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $3,512 / year
Year Built: 1921

Feature Descriptions

Exterior: Aluminum Siding, Vinyl Siding
Laundry: In Basement
Parcel#: 018-05-042
Parking: Driveway
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3424 W 117th Street, Cleveland, OH 44111
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

$ 1,197.53 per month $853.83 Principal & Interest $292.67 Property Tax $51.04 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage