1429 E 123rd St

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🔥 Cleveland Deep Discount Deal | Large SqFt | High ROI 🔥

Address: 1429 E 123rd St, Cleveland, OH 44106
Price: $28,000
ARV: ~$120,000

Property Overview

Massive 3-bed, 1.5-bath home offering 2,232 sq ft—well above average size for the area. This is a full value-add opportunity with strong bones and significant upside for investors.

Key Features

• 3 Beds / 1.5 Baths
• 2,232 Sq Ft
• 0.10 Acre Lot
• Built in 1880
• Off-street parking
• Vacant

Condition & Systems

• Major rehab required (vacant ~3 years)
• Roof: ~15 years old (no leaks reported)
• Foundation: Excellent
• Central A/C present
• Strong structural integrity

Investment Highlights

• Extremely low entry at $28K
• ~$90K+ spread to ARV
• Large square footage = higher resale ceiling
• Ideal for fix & flip or buy-and-hold

Deal Potential

• Flip into the ~$110K–$130K range depending on finishes
• Rental with strong cash flow after rehab
• Opportunity to force significant equity with renovation

⚡ Large Cleveland properties at this price point with strong bones don’t last — move quickly
 

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Resources:

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• Run this scenario through our Fix and Flip Calculator.
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