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$110,000   Price Analysis
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3531 E 118th St
Cleveland, OH 44105
4 bed 2 bath 3,038 SqFt ($36/SqFt)
4,129SqFt lot. Built 1918
Listed 2024-05-16, Taxes $404
Ⓧ USDA Ineligible
due to location

near Cleveland

Welcome to this remarkable investment opportunity!

This charming duplex boasts two open units, each featuring 2 bedrooms. With recent upgrades including a new roof, vinyl siding, plumbing and water h eaters. First floor showcases new furnace and hot water heater installations, ensuring comfort and efficiency for tenants. This was originally 3 bedroom each unit as recorded in county which is rare and could be made back to 3 bedrooms each unit.

This is a Great investment for someone who wants to finish the work on the house and cllect rental income. This property presents a turnkey opportunity for those looking to capitalize on the thriving rental market. Being sold as-is. Don't miss out on the chance to add this gem to your portfolio!


Presented by Carol Y. Joiner at
Keller Williams Greater Metropolitan Realty.
Listing Agent Photo

Property MLS #5038770 from MLSNOW

Bedrooms: 4

Total Rooms: 12
Basement Description: Unfinished

Total Bathrooms: 2
Full Bathrooms: 2

Heating Features: ForcedAir
Heating: Yes

Lot Size Acres: 0.0948
Lot Size Source: PublicRecords
Lot Size Square Feet: 4129

Parking Features: Carport

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1

Elementary School District: Cleveland Municipal - 1809
High School District: Cleveland Municipal - 1809
Middle or Junior School District: Cleveland Municipal - 1809

Thomas Jefferson School is a public elementary, middle and high school located approximately 6.1 miles away.
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Benedictine High School is a private high school located approximately 1.3 miles away.
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Annual Tax Amount: 407
Source Listing Status: Active
County: Cuyahoga
Directions: Off Union Ave to E 118th St.
Tax Year: 2023
Source Property Type: ResidentialIncome
Source Neighborhood: Union-Rice
Parcel Number: 137-01-040
Subdivision: Union-Rice
Township: Cleveland
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$10,500 + $2,280
$12,780
$404
2021$10,500 + $2,280
$12,780
$400
2020$9,070 + $1,960
$11,030
$401
2019$9,070 + $1,960
$11,030
$371
2018$9,070 + $1,960
$11,030
$370
2017$9,490 + $1,860
$11,350
$401
2016$9,490 + $1,860
$11,350
$398
2015$9,490 + $1,860
$11,350
$937
2014$9,490 + $1,860
$11,350
$936
2013$9,490 + $1,860
$11,350
$925
2012$15,720 + $4,340
$20,060
$898
2012$9,490 + $1,860
$11,350
$898
2010$15,720 + $4,340
$20,060
$1,217
2009$15,720 + $4,340
$20,060
$1,208
2008$17,850 + $4,935
$22,785
$1,306
2007$17,850 + $4,940
$22,790
$1,263

Listed 2024-05-16
$110,000
MLSNOW
Sold 1988-06-14
$38,900
Public Record

Total Square Feet Living: 3038
Year Built: 1918
Above Grade Finished Area: 2028
Above Grade Finished Area Source: Realist
BelowGradeFinishedArea: 1010
Below Grade Sqft Area Source: Realist
Construction Materials: Frame, VinylSiding
Levels: Two
Living Area Units: SquareFeet
Property Age: 106
Roof: Shingle
Levels or Stories: 2

Sewer: PublicSewer
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.