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3421 E 119th St - Occupied 6-Unit Multifamily | Stable Cash Flo 6 Unit Apartment Building Offered at $350,000 Cleveland, OH 44120
Executive Summary
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.
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.
Property Facts
| Price | $350,000 | Building Size | 8,763 SF |
| Price Per Unit | $58,333 | Average Occupancy | 83% |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 6 | Year Built | 1917 |
| Property Type | Multifamily |
| Price | $350,000 |
| Price Per Unit | $58,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 8,763 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1917 |
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Fairly walkable
50/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
40/100
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3421 E 119th St - Occupied 6-Unit Multifamily | Stable Cash Flo