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3715 East 61st Street
Cleveland, OH 44105
Asking Price
$345K
Cap Rate
12.52%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 12.52% CAP | 6 Units <ul><li>100% occupied with all units recently updated.</li><li>New roof installed in February 2025. Owner invested $27K for new roof.</li><li>Modern finishes including new flooring, fresh paint, and renovated bathrooms.</li><li>Certified and well-maintained gas furnaces.</li><li>Updated water heaters, with 4 recently replaced.</li><li>Electrical system up to code and modernized.</li><li>Separate utility metering; tenants pay electric and gas.</li><li>Owner pays water, sewer, and garbage.
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NOI
$80,000
Cap Rate
23.19%
DSCR
3.91
Strong
Cash-on-Cash
57.50%
Monthly Payment
$1,706.872
Annual Cash Flow
$59,517.539
