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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
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acreage
Acreage
0.102
open houses
Open Houses
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year built
year built
1920
full baths
Full Baths
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This exceptional 22 investment property package offers an incredible opportunity to capitalize on Cleveland's resurgence. Nestled in the vibrant Near West Side, this portfolio boasts a diverse mix of well-maintained homes, providing stable income and significant upside potential. Why Cleveland? • Affordable Investment: Cleveland offers competitive property values compared to other major cities, making it an attractive market for investors.   • Resurgent City: Cleveland is experiencing a revitalization with a thriving arts scene, world-class museums, and a growing culinary scene.   • Strong Rental Demand: A growing population and job market drive consistent demand for quality rental housing. • Diverse Property Mix: This package includes a variety of property types to suit your investment strategy. Key Features: • 35 Total Units: A substantial portfolio to generate significant rental income. • Prime Location: Situated in the desirable Near West Side, close to amenities and transportation. • Well-Maintained Properties: The units are in good condition, minimizing maintenance costs. • Stable Tenancy: Many long-term tenants ensure reliable cash flow.   • Upside Potential: Opportunities for value-add renovations and increased rental rates. CAP RATE – 8.55% Current NOI with anticipated 2024 pay in 2025 property taxes - $236,441.52 Multiple units have extremely low rents, with increased rents, and a management agency, the Cap Rate has a potential of 11.32%. After Repair Value - $3,854,030 Don't miss this chance to invest in Cleveland's exciting future. Contact me today to learn more about this exceptional investment opportunity. Portfolio consists of 14 Single Family homes, 5 Duplexes, 1 Triplex, and 2 Fourplexes. Do not disturb tenants, do not walk properties. Inspections upon accepted offer only! Find the video w/ aerials online, or ask your agent for a link.
Location
Subdivision Brooklyn
County Cuyahoga
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 5089683
Listing agent: Linas K Muliolis #2004001836
Listing broker: Century 21 Homestar (440) 449-9100
Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Wednesday, January 15 2025 at 2:23 p.m. EST
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