3421 E 119th St - Multi-Family FOR SALE


Cleveland, OH 44120- Mount Pleasant
$350,000 USD
732-757-6393
3421 E 119th St, Cleveland, OH for Sale
$350,000 USD
Multi-Family - FOR SALE
1/26
null | Request Cap Rate

3421 E 119th St
Cleveland, OH 44120
Mount Pleasant


OVERVIEW

Presenting a fully occupied 6-unit multifamily investment opportunity in one of Cleveland's established rental corridors. The property consists entirely of spacious 2-bedroom, 1-bath units, offering a desirable unit mix that continues to attract long-term workforce housing tenants. The asset currently generates $3,780 in monthly rental income ($45,360 annually) and is offered at $350,000. Tenant-paid utilities help minimize ownership expenses while providing a straightforward, easy-to-manage investment. This property is well-suited for investors seeking stable in-place cash flow with long-term appreciation potential. Whether you're expanding an existing portfolio or completing a 1031 exchange, this turnkey multifamily asset provides immediate income from day one.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$40 USD /SF

# OF UNITS

6

PRICE/UNIT

$58,333

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Occupied 6-Unit Multifamily | Stable Cash Flo

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

130-20-043

ASK ABOUT THIS PROPERTY

Ian MaurerMVFM Capital LLCMore Info
732-757-6393

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Ian MaurerMVFM Capital LLCMore Info
732-757-6393

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.