3408 Desota AVE, Cleveland Heights, OH 44118
3408 Desota AVE, Cleveland Heights, OH 44118
3408 Desota AVE, Cleveland Heights, OH 44118
22
See all 22 photos
$240,000
Est. payment /mo
Save
5 Beds
3 Baths
3,049 SqFt
New

3408 Desota AVE Cleveland Heights, OH 44118

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Town & Country

Town & Country

+1(740) 454-0500

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,049 sqft

Price per Sqft $78

MLS Listing ID 5220103

Bedrooms 5

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 3,049

Total Fin. Sqft 3049

Year Built 1925

Annual Tax Amount $5,122

Tax Year 2025

Lot Size 5,601 Sqft

Acres 0.1286

Property Sub-Type Triplex

Property Description

Attention investors—this triplex offers exceptional upside for both seasoned investors and first-time buyers looking to break into real estate investing. With two of the three units already occupied, this is an ideal owner-occupant opportunity: live in the vacant first-floor unit while rental income helps offset your mortgage. At market rents of approximately $1,300 per unit on the first and second floors, the property has the potential to generate roughly $39,000 in annual gross income, with an estimated cap rate above 12% after factoring in expenses. Owned and meticulously maintained by the same local landlord since 1986, the property will transfer point-of-sale compliant, providing peace of mind for the next owner. While well cared for, there is still clear value-add potential through cosmetic updates, offering the opportunity to further increase rents and maximize returns. The property is also CMHA-approved, with the second-floor tenant's rent currently subsidized through CMHA. Notably, the landlord has not pursued a rent increase with CMHA in quite some time, leaving significant additional income potential on the table. Schedule your showing today to tour the first-floor layout, explore the neighborhood, and see firsthand the income-producing potential this investment property has to offer.

Location

State OH

County Cuyahoga

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplace No

Laundry In Basement

Exterior

Parking Features Detached, Garage, Parking Pad

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt

Garage true

Private Pool No

Building

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Cleveland Hts-Univer - 1810

Others

Tax ID 684-29-053

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

VOW - Northern Ohio Regional MLS (YES-MLS) /MLS Now
Listed by David Jackson • Howard Hanna • davidjackson@howardhanna.com, 216-548-9207

Nearby Locations

GET MORE INFORMATION

Town & Country

Town & Country

Real Estate Brokerage | License ID: 0000331236

+1(740) 454-0500

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Town and Country Realtors, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

3408 Desota AVE