3271 Desota Avenue
Cleveland Heights, OH 44118

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.