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About This Home

This 5-bedroom, 3-bathroom residential multi family at 1261 E 113th Street in Cleveland, OH is listed for $60,000 ($22 per sqft). Built in 1911, the home offers 2,700 sqft of living space on a 0.09 acres lot.

Agent 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!

Key Features

  • Built in 1911
  • 0.09 acre lot
  • 3 stories

Property Details

3 stories
3 full
1911

Monthly Cost Estimate

$321/mo

20% down · 6.5% · 30 years

Principal$43
Interest$260
Insurance$18

Estimates only. Actual payments may vary.

Location

1261 E 113th Street

Cleveland, OH 44108

A J Marshs Sub

Property Details

Construction

ShingleSiding

Parking

Driveway

Heating

Forced Air

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 1261 E 113th Street is listed at $60,000 ($22/sqft). The estimated monthly payment is $260 based on 20% down at 6.5% interest.

Key features include: Built in 1911, 0.09 acre lot, 3 stories.

This property is listed by Michael Azzam and can be reached at 2164467606 or mike@theazzamgroup.com.

MA

Michael Azzam

Agent at RE/MAX Haven Realty

(216) 446-7606

Listed by RE/MAX Haven Realty · View on Broker Site

MLS# 5215582· Source: listhub· Updated 1 days ago

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1261 E 113th Street, Cleveland, OH 44108

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