3271 Desota Avenue, Cleveland Heights, OH 44118
- $317,900
- 5
- BD
- 3
- BA
- 2,896
- SqFt
- Sold Price
- $317,900
- List Price
- $289,000
- Status
- CLOSED
- Days on Market
- 33
- Closing Date
- Mar 10, 2026
- MLS#
- 5184613
- Subtype
- Residential Income
- Year Built
- 1925
- Bedrooms
- 5
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 2,896
- Acres
- 0.14
- Subdivision
- Minor Heights Land Companys
- Neighborhood
- Minor Heights Land Companys
- MLS Area Major
- Cleveland Heights
Property 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.
Additional Information
- Interior Features
- Breakfast Bar, Ceiling Fan(s), Granite Counters, Recessed Lighting
- Taxes
- $8,036
- Appliances
- Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
- Heating
- Forced Air
- Air Conditioning
- Wall/Window Unit(s)
- Stories
- 3
- Levels
- Three Or More
- Roof
- Asphalt, Fiberglass
- Parking Features
- Detached, Garage
- Garage Spaces
- 3
- School District
- Cleveland Hts-Univer - 1810
Listing Courtesy of: Nicole Raichart, shakerheightsrealtor@gmail.com With Berkshire Hathaway HomeServices Professional Realty
Selling Office: Keller Williams Living.Mortgage Calculator
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