3281 E 118th Street, Cleveland, OH 44120

Property Description

Investor Alert: Potential Cash-flow - Rarely does an asset this stabilized hit the market with these numbers. This updated "8-Bedroom" Triplex in the Buckeye/Shaker neighborhood is a potential "Cash-flow Powerhouse," delivering a 2.99% Monthly Return Potential—Nearly Triple the Traditional 1% rule. Based on 2026 CMHA standards ($1,762.00 for 3-BRs, $1,367.00 for 2-BRs), plus $200.00 for the 2-car garage, this property has a potential projected monthly income of $5,091.00. Every unit has been thoughtfully updated over the last 2 years with fresh paint, flooring, and updated kitchens/baths. Major capital improvements provide ultimate peace of mind: 2 total Furnaces (2024), 2 total Hot Water Tanks (2024), Newer grounded electrical outlets, and updated plumbing including main stacks and City-replaced main sewer/water lines. 2 total utility meters (2nd and 3rd unit on a shared meter). The exterior features a roof~ Approx: 2016, vinyl windows (1st/3rd floors), and a waterproofed basement. The first and second floors offer identical 3-BR layouts with large dining and living rooms, built-ins, and porches, while the third floor features a contemporary 2-BR layout. Located within walking distance to groceries and dining, and minutes from the Cleveland Clinic, University Hospital, Case Western, and Shaker Square. Over 2,400 sq/ft of high-performance living space with separate entrances and basement storage. Whether you are a first-time investor looking to house-hack or a seasoned pro seeking a high-yield asset, this property delivers value and long-term performance. Secure this investment today! Selling “as is”. Call today to schedule a private showing before it’s gone!