5940 Engel Avenue, Cleveland, OH 44127

Property Description

Investor’s Dream at 5940 Engel Avenue, Cleveland, OH 44127 Attention investors! This fully occupied powerhouse delivers massive cash flow of $3,800 per month and is priced to sell. With an estimated Net Operating Income (NOI) of $29,600 and an outstanding 10.8% cap rate, this freshly renovated property is a turnkey gem offering immediate returns and lasting value. Completely updated in 2025, this triplex shines with all-new vinyl windows, fresh paint throughout, luxury vinyl plank (LVP) flooring, and new carpet in every unit—ensuring low maintenance and high tenant appeal. The property features three income-producing units, all currently occupied and optimized for profitability. Unit 1 is a spacious 2-bedroom, 1-bathroom unit generating $1,500 per month. Unit 2 is a flexible 3-bedroom, 1-bathroom layout (convertible to a 2-bedroom, 1-bath) bringing in steady rent. Unit 3 is an efficient studio yielding $800 per month, with the potential to combine with Unit 2 for a true 1-bedroom configuration—offering versatility to boost income. Rental registered with the City of Cleveland and boasting a 2025 lead certification, this property is fully compliant and move-in ready for investors seeking hassle-free ownership. Located in a high-demand area with convenient access to local amenities, this is a rare chance to own a high-yield, cash-flowing asset with modern upgrades throughout. Act fast—secure this income generator at $275,000 and start profiting today!