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1261 E 113th Street , Cleveland, OH 44108

$60,000
  • 1261 E 113th Street , Cleveland, OH 44108 Main Photo
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BEDS5 BATHS3 full SQUARE FEET2,700 MLS#5215582
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONA J Marshs Sub SCHOOLCleveland Municipal - 1809

Property Description

No wholesalers. No Seller financing. No low ball offers. This triplex presents an outstanding value-add opportunity for investors seeking their next BRRRR, renovation, or long-term cash-flow project. This triplex offers a flexible unit mix consisting of two 2-bedroom, 1-bath units on the first and second floors, plus a 1-bedroom, 1-bath unit on the third floor. Each unit features spacious living areas and kitchen space layouts, providing a strong foundation for improvements and future rental income. The property also includes a basement, offering additional storage space and potential value-add opportunities. The third-floor unit benefits from separate electric service, baseboard heating, and its own electric water heater, providing added utility separation and management flexibility. With renovations and updates, investors have the opportunity to maximize rental performance and increase overall property value. Market rents are estimated at approximately $900 per month per unit, creating attractive income potential once stabilized. Conveniently located in Cleveland, the property offers easy access to Interstate 90, downtown Cleveland, University Circle, Cleveland Clinic, University Hospitals, shopping centers, restaurants, public transportation, schools, parks, and everyday amenities. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Whether you're looking to execute a BRRRR strategy, expand your rental portfolio, or reposition a multifamily asset for stronger returns, this triplex presents a compelling opportunity with significant upside potential!

1261 E 113th Street | MLS# 5215582

This multi-family property located at 1261 E 113th Street , Cleveland, OH 44108 is currently listed for sale with an asking price of $60,000. E 113th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.dehoff.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: None
Heating: Forced Air
Lot Size: 0.09 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $1,140 / year
Year Built: 1911

Feature Descriptions

Exterior: Shingle Siding
Laundry: In Basement
Parcel#: 109-24-117
Parking: Driveway
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Listed By / Shown By

Listed By

Agency Name: RE/MAX Haven Realty
Agency Contact: mike@theazzamgroup.com, 216-446-7606

Shown By

Agency Title: DeHOFF REALTORS
Agency Phone: 330-499-8153

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Estimated Payment

$ 377.56 per month $265.06 Principal & Interest $95.00 Property Tax $17.50 Homeowner's Insurance

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