Attention investors, landlords, and rehabbers! Rare opportunity to acquire a vacant triplex along with an adjacent buildable lot in Cleveland. This package offers immediate value-add potential, multiple exit strategies, and the ability to create additional value through future development.
Property Overview
3-Unit Multifamily Property
7 Total Bedrooms
3 Bathrooms
1,896 Sq Ft
Additional Buildable Vacant Lot
Cleveland, OH 44103
Vacant
Addresses:1517 E 81st St, Cleveland, OH 44103
1521 E 81st St, Cleveland, OH 44103
1523 E 81st St, Cleveland, OH 44103
Financial Overview
Asking Price: $120,000
Estimated ARV: $180,000
Property Features
Triplex configuration
Adjacent buildable lot included
Two-car garage
Multiple basements
Roof approximately 8 years old
HVAC approximately 10 years old
Good overall structure
Light renovation needed
Investment Highlights
Vacant and ready for renovation
Additional buildable lot creates added value
Strong multifamily opportunity
Multiple income streams
Light rehab project
Strong rental market
Development upside
Potential Exit Strategies
Renovate & Rent
BRRRR Strategy
Fix & Flip
Develop Adjacent Lot
Hold for Cash Flow
Sell Individually for Maximum Value
Why Investors Will Like This Deal
Multifamily asset plus land
Major systems already in place
Light rehab compared to full-gut projects
Opportunity to increase value through lease-up
Buildable lot offers additional upside
Strong Cleveland rental demand
Multiple ways to monetize the asset
Deal Snapshot
Asking: $120,000
ARV: $180,000
Vacant
Triplex
Buildable Lot Included
Light Rehab
This is a unique opportunity to acquire both a cash-flowing multifamily asset and a buildable lot in one transaction.
Buyer to perform all due diligence regarding zoning, lot buildability, rental projections, and renovation costs.
For fastest response: Cherrie – Dispo Manager Call/Text: (404) 620-2544
NEED HELP MOVING YOUR OWN DEALS? We partner with investors and realtors on a non-exclusive basis to help dispo off-market properties through InvestorLift using our national cash-buyer network. We handle buyer communication, coordinate access and escrow, and offer competitive JV marketing terms, allowing our partners to stay focused on sourcing more inventory.
