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Listed price in listed location currency (USD).
$289,000

530

MLS® 5184613

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2896 sqft
Garage Yes
Taxes $8,036
Days Active 5
Lot Size 0.1377 acres
Approx. Age 1925
Avg. Price Per Sqft $99
MLS® Number 5184613

Property Address: 3271 Desota Ave, Cleveland Heights, OH, 44118-1834

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number5184613
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1377
Exterior
GarageYes
Approx. Age1925
BasementUnfinished
DrivewayDetached, Garage
Garage Spaces3
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Feb 5, 2026List Date
$289,000List Price
  • Commute

Commute

Starting Address
Destination Address
3271 Desota Ave, Cleveland Heights, OH

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