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