BEDS5
BATHS3 full
MLS#5198660
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOtis
SCHOOLCleveland Municipal - 1809
Property Description
ttention savvy investors and portfolio builders! This vacant 3-unit multi-family property is the perfect buy-and-hold addition to your Cleveland portfolio. Located in an area with steady rental demand, this tri-plex offers a blank canvas to renovate and achieve top-of-market rents. With Cleveland's average 2-bedroom rents currently climbing toward $1,750+, the income potential here is substantial. The property is being sold AS-IS, allowing you to choose your finishes and build equity from day one. Configuration: 3 Units (Ready for a full refresh) Status: 100% Vacant No tenant headaches, start work tomorrow! Potential: Pro-forma Cap Rate of 10%+ once stabilized. Location: Minutes from Detroit Shoreway and Clark-Fulton Areas, and easy highway access. Bring your flashlight and your contractor.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,000 / year
Year Built: 1905
Feature Descriptions
Days on Site: 1
Exterior: Vinyl Siding
Parcel#: 016-06-074
Parking: Off Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: I Heart Real Estate, LLC.
Agency Contact: 800-259-7670, cstevens@iheartreal.estate
Shown By
Agency Title: Kremer Realty, Inc
Agency Phone: (330) 686-2400
Estimate Your Payment
Estimated Payment
$ 297.30 per month $189.17 Principal & Interest $83.33 Property Tax $24.79 Homeowner's Insurance
3289 W 61st Street | MLS# 5198660
This multi-family property located at 3289 W 61st Street, Cleveland, OH 44102 is currently listed for sale with an asking price of $85,000. W 61st Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.kremerrealty.com today.