3424 W 117th Street
Property Description
Fully occupied & income-producing, this duplex offers investors a strong combination of immediate cash flow, stable tenancy, & future value-add potential! Each unit features 2 bedrooms & 1 bathroom, along with a spacious living room, functional kitchen, & access to a shared basement with additional storage. Both units are currently occupied, providing rental income from day one. The lower unit has a newly placed tenant paying $900 per month with a lease through May 2027, while the upper unit rents for $950 per month on a month-to-month basis. This setup provides stability while leaving room for future rent growth. The lower unit features newer LVP flooring throughout the main living areas & bedrooms. The bathroom includes a newer vanity, updated plumbing, & a well-maintained tub surround, while the kitchen offers well-maintained cabinetry with a newer sink & faucet. The upper unit features LVP flooring in the main living areas and in the hallways and bedrooms. The kitchen includes well-maintained cabinetry, a newer faucet, & plumbing updates, while the bathroom features ceramic tile flooring, a newer vanity, mirror, faucet, & ceramic tile tub surround. The shared basement includes separate electrical panels for each unit & individually metered gas & electric utilities. Major mechanicals include furnaces (2016) & hot water tanks (2013). Conveniently located on Cleveland's west side, with easy access to I-90, major roadways, public transportation, shopping, schools, restaurants, & other local amenities. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab & construction services for remote investors! With both units occupied, existing updates, steady rental income, & opportunities to further improve the property & increase rents over time, this duplex is well-positioned for an investor seeking a stable asset with additional upside. No wholesalers. No Seller financing. No low ball offers.
Broker Details
RE/MAX Haven Realty (216) 332-0456
MLS ID: 2014004734 State License Number: 2014004734
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $165,000 |
| Year Built: | 1921 |
| Lot Size: | 1,986.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 3 |
ID: 3yd-NEOHREXOH-5249286
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