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3715 E 61st St
Cleveland, OH 44105
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Fully occupied with screened tenants (4 Section 8)
- All units recently updated with modern finishes (flooring, paint, bathrooms)
- True TurnKey Property
- New roof installed February 2025
- Modernized electrical system, up to code
EXECUTIVE SUMMARY
Building Highlights:
This is a 6-unit multifamily building located at 3715 E 61st St, Cleveland, OH 44105. The property includes three separate basements, each with washer and dryer hookups. Utilities are separately metered for gas and electric, with tenants responsible for both. The owner pays for water, sewer, and garbage. The building is registered with the City of Cleveland and has passed all required city inspections, including lead-safe and HVAC inspections.
Renovations & System Upgrades:
A new roof was installed in February 2025. All units have been recently updated with new flooring, fresh paint, and renovated bathrooms. The gas furnaces are certified and well-maintained. Three of the water heaters have been recently replaced. The electrical system has been modernized and is up to code. Appliances have been supplied by the owner in three units; tenants in the remaining three units provide their own.
Occupancy & Tenant Profile:
The property is fully occupied. Four of the six tenants are on Section 8, and all Section 8 units have recently passed inspection. All tenants have been screened, and the building is described as quiet and safe.
Investment Potential:
The property offers an immediate upside available by bringing two units up to market rent for an additional $325 per month in income. With full occupancy, recent upgrades, and no deferred maintenance noted, this is a stable asset requiring no immediate capital improvements. The building has passed all city, HVAC, and Section 8 inspections, making this a truly turnkey opportunity for an investor seeking reliable cash flow and minimal management headaches.
This is a 6-unit multifamily building located at 3715 E 61st St, Cleveland, OH 44105. The property includes three separate basements, each with washer and dryer hookups. Utilities are separately metered for gas and electric, with tenants responsible for both. The owner pays for water, sewer, and garbage. The building is registered with the City of Cleveland and has passed all required city inspections, including lead-safe and HVAC inspections.
Renovations & System Upgrades:
A new roof was installed in February 2025. All units have been recently updated with new flooring, fresh paint, and renovated bathrooms. The gas furnaces are certified and well-maintained. Three of the water heaters have been recently replaced. The electrical system has been modernized and is up to code. Appliances have been supplied by the owner in three units; tenants in the remaining three units provide their own.
Occupancy & Tenant Profile:
The property is fully occupied. Four of the six tenants are on Section 8, and all Section 8 units have recently passed inspection. All tenants have been screened, and the building is described as quiet and safe.
Investment Potential:
The property offers an immediate upside available by bringing two units up to market rent for an additional $325 per month in income. With full occupancy, recent upgrades, and no deferred maintenance noted, this is a stable asset requiring no immediate capital improvements. The building has passed all city, HVAC, and Section 8 inspections, making this a truly turnkey opportunity for an investor seeking reliable cash flow and minimal management headaches.
PROPERTY FACTS
| Price Per Unit | $85,976 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 5,682 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2022 |
| Apartment Style | Low-Rise | Parking Ratio | 0.35/1,000 SF |
| Building Class | C | ||
| Zoning | 2F | ||
| Price Per Unit | $85,976 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,682 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2022 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | 2F |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 56 - 5,682 |
PROPERTY TAXES
| Parcel Number | 132-08-154 | Improvements Assessment | $77,729 CAD |
| Land Assessment | $3,426 CAD | Total Assessment | $81,156 CAD |
PROPERTY TAXES
Parcel Number
132-08-154
Land Assessment
$3,426 CAD
Improvements Assessment
$77,729 CAD
Total Assessment
$81,156 CAD
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