1263 E 112th Street, Cleveland, OH 44108

$441,000

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Sold Price
$441,000
List Price
$449,000
Status
CLOSED
Days on Market
70
Closing Date
Mar 20, 2025
MLS#
5093337
Subtype
Commercial Sale
Year Built
1911
Acres
0.38
Subdivision
A J Marshs
Neighborhood
A J Marshs
MLS Area Major
Cleveland

Property Description

Turnkey 5-Unit Investment Portfolio - Fully Renovated and Section 8 Ready! This exceptional portfolio features three single-family homes and one duplex, all fully updated with new or refinished flooring, fresh paint, and upgraded kitchens and baths. Currently CMHA-primed, 1263 E 112th (4 bed, 2 bath) is already rented at $1,309/month, with the tenant covering all utilities. A RFTA is in progress for 12327 Phillips (4 bed, 1 bath), anticipated to rent for $1,400/month, tenant also paying all utilities. The remaining properties include 1005 E 130th (4/2 duplex) and 831 E 95th (4/1 single-family), with tenants covering all utilities except water at the duplex. Once fully rented through CMHA, this hands-free portfolio is projected to deliver near 20% cash-on-cash returns. Don’t miss this rare, cash-flowing investment opportunity!

Additional Information

Taxes
$3,285
Heating
Hot Water, Steam
School District
Cleveland Municipal - 1809

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

Selling Office: Russell Real Estate Services.

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