Cleveland OH Duplex $135,000 | 2790 E 117th St
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Cleveland OH Duplex $135,000 2790 E 117th St
2 Unit Apartment Building $125,000 ($62,500/Unit) Cleveland, OH 44120
Executive Summary
This recently updated Cleveland duplex offers an excellent opportunity for investors seeking an income producing asset or homeowners looking for the flexibility to live in one unit while renting out the other. Two bed, one bath units with large kitchens. Upstairs is tenant occupied at $950/mo and features new vinyl flooring, updated bathroom and new carpet. Downstairs is vacant, featuring tile and laminate flooring and updated bathroom. New roof (Aug 2024), 2 new electrical panels and meter base (Sept 2024), vinyl siding. Convenient East Side location with easy access to Shaker Square and Cleveland Clinic Main Campus.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$22,800
|
$13.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$22,800
|
$13.01
|
| Taxes |
$1,016
|
$0.58
|
| Operating Expenses |
$7,000
|
$4.00
|
| Total Expenses |
$8,016
|
$4.58
|
| Net Operating Income |
$14,784
|
$8.44
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $22,800 |
| Annual Per SF | $13.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $22,800 |
| Annual Per SF | $13.01 |
| Taxes | |
|---|---|
| Annual | $1,016 |
| Annual Per SF | $0.58 |
| Operating Expenses | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $4.00 |
| Total Expenses | |
|---|---|
| Annual | $8,016 |
| Annual Per SF | $4.58 |
| Net Operating Income | |
|---|---|
| Annual | $14,784 |
| Annual Per SF | $8.44 |
Property Facts Under Contract
| Price | $125,000 | Property Subtype | Apartment |
| Price Per Unit | $62,500 | Building Size | 1,752 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1922/2024 |
| Price | $125,000 |
| Price Per Unit | $62,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Size | 1,752 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 1922/2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $950.00 | 866 - 886 |
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 129-14-124 | Total Assessment | $13,130 (2023) |
| Land Assessment | $2,310 (2023) | Annual Taxes | $1,016 ($0.58/SF) |
| Improvements Assessment | $10,820 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
129-14-124
Land Assessment
$2,310 (2023)
Improvements Assessment
$10,820 (2023)
Total Assessment
$13,130 (2023)
Annual Taxes
$1,016 ($0.58/SF)
Tax Year
2024
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Cleveland OH Duplex $135,000 | 2790 E 117th St
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