1261 E 113th Street, Cleveland, OH 44108

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 spacious triplex offers 3 large units, each with 2 bedrooms and 1 bath units, each unit on its own 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!