$159,900
Investors this is the opportunity you've been waiting for!
If you're looking to add a performing asset to your portfolio with minimal upfront work, this property deserves your attention.
The upstairs unit was recently updated prior to being leased, while the downstairs unit has been well maintained by the current tenant. There is an opportunity to add value by updating the downstairs bathroom.
The property's siding is in good condition, and the mechanical systems are functioning properly. An additional upside is the potential to complete the unfinished third unit in the upper level with the primary remaining scope being the plumbing installation. This could also be counted as additional living space connected to the upstairs unit then making it a 3 bed 2 bath.
CMHA pays up to $1,130 for a one bedroom, up to $1,367 for a 2 bedroom and up to $1,762 for a 3 bedroom in this zip code.
Hot water tank ages: 2011 & 2019
The photos in the listing are of the upstairs unit. Please text Alexis for additional videos of the downstairs unit, third floor, basement, and exterior. To respect the privacy of the tenants, in-person tours of the occupied units will be scheduled with an accepted offer. Rent roll available upon request.
5
Beds
⋅
3
Baths
⋅
5220846
MLS
3264 E 117th Street, Cleveland
