10 Unit Turn-Key SFR Pack- Cleveland, OH
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10 Unit Turn-Key SFR Pack- Cleveland, OH
10 Properties Offered at $1,685,000 in Cleveland, OH
Investment Highlights
- Turn-Key Properties
Executive Summary
Turn-Key CLE proudly presents an exciting investment
opportunity: the acquisition of 10 single-family homes currently
rented out in Ohio. This portfolio features all recently rehabilitated properties.
Standards for the homes in terms of capital improvements, beyond typical interior turns of kitchen, bathroom(s), paint, flooring, etc.:
• Roofs – Minimum 15 years of useful life remaining (or it gets replaced)
• Hot Water Tanks – Less than 10 years old (or it gets replaced)
• Furnaces – Less than 10 years old (or it gets replaced)
• Electric Panels – updated in compliance with current code
• Windows – Vinyl replacements where necessary
• Exterior paint and siding repairs where needed
Owner is willing to sell the entire portfolio, a portion of it "à la carte," or even one-offs, if it makes sense.
All properties are currently professionally managed. Management company has 75+ years combined experience and currently manages over 425 properties in the area.
opportunity: the acquisition of 10 single-family homes currently
rented out in Ohio. This portfolio features all recently rehabilitated properties.
Standards for the homes in terms of capital improvements, beyond typical interior turns of kitchen, bathroom(s), paint, flooring, etc.:
• Roofs – Minimum 15 years of useful life remaining (or it gets replaced)
• Hot Water Tanks – Less than 10 years old (or it gets replaced)
• Furnaces – Less than 10 years old (or it gets replaced)
• Electric Panels – updated in compliance with current code
• Windows – Vinyl replacements where necessary
• Exterior paint and siding repairs where needed
Owner is willing to sell the entire portfolio, a portion of it "à la carte," or even one-offs, if it makes sense.
All properties are currently professionally managed. Management company has 75+ years combined experience and currently manages over 425 properties in the area.
Taxes & Operating Expenses (Pro forma - 2024) |
Annual |
|---|---|
| Gross Rental Income |
$162,912
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$162,912
|
| Taxes |
$13,813
|
| Operating Expenses |
$20,018
|
| Total Expenses |
$33,831
|
| Net Operating Income |
$129,081
|
Taxes & Operating Expenses (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $162,912 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $162,912 |
| Taxes | |
|---|---|
| Annual | $13,813 |
| Operating Expenses | |
|---|---|
| Annual | $20,018 |
| Total Expenses | |
|---|---|
| Annual | $33,831 |
| Net Operating Income | |
|---|---|
| Annual | $129,081 |
Property Facts
| Price | $1,685,000 | Status | Active |
| Price / SF | $127.89 / SF | Number of Properties | 10 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.66% | Total Building Size | 13,175 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.75 AC |
| Price | $1,685,000 |
| Price / SF | $127.89 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 7.66% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 10 |
| Individually For Sale | 0 |
| Total Building Size | 13,175 SF |
| Total Land Area | 0.75 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 12109 Emery Ave, Cleveland, OH 44135 | Multifamily | 1,008 SF | 1947 | - |
| 2704 Hood Ave, Cleveland, OH 44109 | Multifamily | 1,080 SF | 1924 | - |
| 3008 Ruby Ave, Cleveland, OH 44109 | Multifamily | 1,140 SF | 1915 | - |
| 3148 W 43rd St, Cleveland, OH 44109 | Multifamily | 948 SF | 1890 | - |
| 3201 W 94th St, Cleveland, OH 44102 | Multifamily | 1,918 SF | 1900 | - |
| 3267 W 82nd St, Cleveland, OH 44102 | Multifamily | 1,770 SF | 1914 | - |
| 3446 W 118th St, Cleveland, OH 44111 | Multifamily | 1,258 SF | 1916 | - |
| 4023 Valley Rd, Cleveland, OH 44109 | Multifamily | 1,062 SF | 1910 | - |
| 7402 Neville Ave, Cleveland, OH 44102 | Multifamily | 1,677 SF | 1918 | - |
| 1528 W 102nd St, Cleveland, OH 44102 | Specialty | 1,312 SF | 1918 | - |
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10 Unit Turn-Key SFR Pack- Cleveland, OH
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