2897 E 111th Street
Property Description
Investor Opportunity - Cleveland Duplex with Value-Add Potential! Bring your vision to 2897 E. 111th St., a two-family property offering two separate units, each featuring 2 bedrooms and 1 full bathroom. Whether you're looking to renovate and hold as a rental or add another multifamily property to your portfolio, this duplex offers plenty of potential. Some improvements have already been started, including newer electrical panel boxes, one newer furnace, and one newer hot water tank. The property does have known electrical issues and will require additional electrical work, giving the next owner the opportunity to complete the improvements and maximize the property's potential. Conveniently located on Cleveland's east side with access to major employment, medical, and educational hubs, including the Cleveland Clinic and University Circle area. The nearby Opportunity Corridor provides improved connectivity between the east side, I-490, and University Circle, an area that continues to see public and private investment and redevelopment. With two rentable units and an affordable entry point into Cleveland's multifamily market, this could be an excellent opportunity for an investor looking for a renovation project with future income-producing potential. Property is being sold in its current condition. Buyer to perform their own due diligence regarding property condition, electrical system, repairs, rental potential, and projected income.
Broker Details
KW Living (440) 318-1620
MLS ID: 2015003057 State License Number: 2024002566
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $115,000 |
| Year Built: | 1920 |
| Lot Size: | 2,448.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-NEOHREXOH-5250126
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