OH > Cleveland > Laura L Otis
Cleveland, OH 44102,3250 W 61st ST
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Steve Haren

Steve Haren

$ 133,333
Est. payment | /mo

3 Beds

1 Bath

1,213 SqFt

Save
$ 133,333
Est. payment | /mo
Save

3 Beds

1 Bath

1,213 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,213 sqft

Price per Sqft $109

Subdivision Laura L Otis

MLS Listing ID 5134323

Style Cape Cod

Bedrooms 3

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,213

Year Built 1900

Annual Tax Amount $1,825

Tax Year 2024

Lot Size 4,443 Sqft

Acres 0.102

Property Sub-Type Single Family Residence

Property Description

Looking to add high-performing, cash-flowing real estate to your portfolio in one of Ohio's most dependable rental markets? This 21-property (23-unit) portfolio across Cuyahoga County is fully tenant-occupied and generating strong returns. With properties spread across 11 zip codes, you'll gain exposure to a diverse mix of neighborhoods, rent ranges, and asset types—offering both stability and upside. Highlights: Consistent Cash Flow: All units are occupied and performing. Generating over $375,000 gross income annually. Gross Monthly Rent = $31,335. Gross Monthly Rent Per Unit = $1,362. Average Price Per Property = $133,333. Geographic Diversity: Spread across East and West Cleveland in 11 zip codes. Asset Mix: Combination of single-family and small multifamily homes—ideal for long-term appreciation and steady income. Tenant Type: 13 market-rate units and 10 subsidized (Section 8 & Eden). Upgraded Portfolio: Over $600K in cosmetic and mechanical improvements in the last two years—averaging $26K per unit. Professionally Managed: Minimal headaches, turnkey ready. Perfect for: Turnkey investors seeking immediate income from day one. Buyers wanting diversified exposure across Cleveland's rental submarkets. Portfolio builders bundling performing properties in strong cash flow areas. Interested in a breakdown of rents, expenses, and cap rates? Let's connect.

Location

State OH

County Cuyahoga

Rooms

Basement Partial

Main Level Bedrooms 2

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features On Street

Water Access Desc Public

Roof Type Asphalt

Private Pool No

Building

Sewer Public Sewer

Water Public

Architectural Style Cape Cod

Level or Stories One and One Half

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 016-07-014

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Shoshana Socher • Keller Williams Greater Metropolitan • shoshana@thesocherteam.com, 216-255-7377
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3250 W 61st ST