1267 Cleveland Street Salem, OH 44460

Investment opportunity in the heart of Salem! Start your investment portfolio or expand your holdings with this triplex offering established rental income and an opportunity to complete an additional apartment. The first-floor two-bedroom apartment includes a utility room with laundry space and is occupied by a long-term tenant at $900 per month. Upstairs, an occupied one-bedroom apartment with a long-term tenant rents for $700 per month, bringing combined current rental income to $1,600 monthly. An additional one-bedroom apartment awaits completion, including drywall, flooring, kitchen and bath. Finish this space for your own use or prepare it for rental to add another income source. The unfinished apartment gives the next owner an opportunity to select finishes and make the most of the building’s potential. Exterior improvements include new vinyl siding, windows, roof, landscaping, sidewalk upgrades and two new sets of exterior stairs, creating an appealing presentation while addressing substantial exterior projects. Enjoy a central Salem location with access to the locally owned restaurants, shops and historic character of downtown. Lincoln Plaza at State Street and Lincoln Avenue features a gazebo and fountain, providing an inviting community gathering place. Salem Community Center offers fitness, aquatics, sports and recreational programs, while Waterworth Memorial Park adds walking trails, playgrounds, sports facilities and a community bandshell. Established tenants, current rental income, exterior improvements and an unfinished apartment combine to make this a property worth exploring. Bring your plans and put the next chapter in motion at 1267 Cleveland Street. Opportunity awaits! #1267ClevelandStreet #SalemTriPlex #InvestmentOpportunity