958 130Th StCleveland, OH 44108

For Sale
$74,000

Three vacant single-family homes, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents three vacant, single-family homes located in Cleveland, Ohio, within Cuyahoga County, zip code 44108. The portfolio consists of three separate buildings, each offering three bedrooms and one bathroom. The properties are classified as Class C and present a significant value-add opportunity for investors. The total asking price for the entire portfolio is $74,000, with a price per unit of approximately $24,667. Each home has a potential rental income of $1,200 per month, and after repair value (ARV) estimates range from $110,000. Square footage varies slightly between 1,001 and 1,140 square feet. The properties are currently vacant, allowing for immediate renovation and rental income generation. The portfolio boasts a compelling 13% capitalization rate, making it an attractive investment for those seeking strong returns. Addresses include 958 E 130th St, 587 E 128th St, and 1103 E 112th St, all in Cleveland, OH. This is a unique chance to acquire a multi-family investment portfolio with substantial upside potential. The properties can be purchased individually.

Highlights

  • $74,000 asking price for a portfolio of three single-family homes.
  • Value-add investment opportunity with a 13% projected cap rate.
  • Three vacant units, each with three bedrooms and one bathroom.
  • Square footage ranges from 1,001 to 1,140 square feet.
  • Located in Cleveland, OH, in Cuyahoga County, zip code 44108.

Property Details for 958 130Th St

Property type
Multifamily properties, Residential income homes
Square Feet
1,001 SF
Class
C
Buildings
3
Units
3

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.53149425193
Longitude
-81.592653002637
958 130Th St, Cleveland, Ohio

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958 130Th St
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