3408 Riverside Avenue, Cleveland, OH 44109

Property Description

Excellent investment opportunity on Cleveland's west side! This spacious three-family property offers a versatile unit mix and strong income potential, making it an ideal addition to any investment portfolio or a great option for an owner-occupant looking to offset their mortgage with rental income. The first and second-floor units each feature spacious 3-bedroom layouts with comfortable living areas, functional kitchens, and plenty of natural light. The third-floor unit offers a well-designed 1-bedroom apartment, providing an attractive mix of rental options. Major exterior improvements have already been completed, including a new roof (2024) and new vinyl siding (2025), while additional updates include updated furnaces (2013), electrical panels, and hot water tanks (2012). Situated on an oversized lot, the property also offers a detached two-car garage, ample off-street parking, and a large yard. With the major capital improvements already in place, this property is ready for a new owner to add cosmetic updates and unlock its full income potential. Conveniently located near shopping, dining, public transportation, parks, and major highways, this is an excellent opportunity to build equity and generate long-term cash flow. Immediate possession available.