11 Home Portfolio in West Cleveland
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11 Home Portfolio in West Cleveland
5 Multifamily Properties Offered at $1,210,000 in Cleveland, OH
Investment Highlights
- Low management
- Strong on-time payment history by tenants
- High demand areas
Executive Summary
Opportunity to own high performing and fully occupied portfolio of rental homes on Cleveland's Westside. Homes are located in Old Brooklyn, West Boulevard, and Bellaire areas. All leases are valid, some tenants are MTM, all tenants have strong on-time payment history. Portoflio can be sold as a whole or in 3 packages (see offering memorandum). Current portfolio yields 9% ROI, while bringing rents up to market rate would yield 11.2% projected ROI. Sellers are retiring.
Property Facts
| Price | $1,210,000 | Status | Active |
| Price / SF | $135.85 / SF | Number of Properties | 5 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 11.20% | Total Building Size | 8,907 SF |
| Sale Type | Investment | Total Land Area | 0.43 AC |
| Price | $1,210,000 |
| Price / SF | $135.85 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 11.20% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 8,907 SF |
| Total Land Area | 0.43 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3207 Colburn Ave, Cleveland, OH 44109 | Multifamily | 2,407 SF | 1930 | - |
| 4496 W 136th St, Cleveland, OH 44135 | Multifamily | 2,396 SF | 1955 | - |
| 3917 Clybourne Ave, Cleveland, OH 44109 | Multifamily | 1,715 SF | 1910 | - |
| 10608 Fidelity Ave, Cleveland, OH 44111 | Multifamily | 1,400 SF | 1922 | - |
| 13354 Carrington Ave, Cleveland, OH 44135 | Multifamily | 988 SF | 1961 | - |
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11 Home Portfolio in West Cleveland
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