11117 Melba AvenueCleveland, OH 44104

11117 Melba AvenueCleveland, OH 44104

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$155,000 Contingent
Multi Unit - Multiple MLS 5169504 Contingent
4 beds 3 full baths 2,772 sqft
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Listed By

Agency Name: Keller Williams Citywide
Agency Contact: angie.lopez@kw.com, 216-855-4477

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

This is the investment property you've been searching for, bringing in an impressive $2,375 per month in rent- WOWWW!!! This cash cow triplex is an opportunity you don't want to miss! Priced competitively and generating strong rental income, this property is perfect for both new and seasoned investors. In 2024, the entire home was updated from top to bottom, inside and out, featuring newer floors, newer kitchens, and newer bathrooms throughout. The layout includes a downstairs unit with two bedrooms and one bath, an upstairs unit with two bedrooms and one bath, and an attic studio with a full bathroom and open living area, ideal for maximizing rental income. Additionally, the property offers a two-car garage and a full basement, perfect for extra storage or added value. This is truly an investor's dream, fully updated, fully rented, and cash-flowing from day one of your purchase!

11117 Melba Avenue | MLS# 5169504

This multi-family property located at 11117 Melba Avenue, Cleveland, OH 44104 is currently listed for sale with an asking price of $155,000. Melba Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Days on Market: 114
Garage: 2
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $842 / year
Year Built: 1924

Feature Descriptions

Exterior: Aluminum Siding, Vinyl Siding
Parcel#: 128-24-012
Parking: Driveway, Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 11117 Melba Avenue, Cleveland, OH 44104
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 871.62 per month $756.25 Principal & Interest $70.17 Property Tax $45.21 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage
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