5 unit - $4837 incom
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5 unit - $4837 incom
3 Properties Offered at $349,000 in Cleveland, OH
Investment Highlights
- $4837 income -5 Rental units
- Turnkey Investment: No additional work needed; these properties are ready to continue generating income
- These properties have been completely updated within the last 18 months
Executive Summary
Three Income-Generating Properties in Cleveland, OH
Property Overview
A rare opportunity to purchase three fully renovated and income-generating properties in Cleveland, Ohio. These properties have been completely updated within the last 18 months and are currently fully occupied, generating nearly $5,000 in monthly rental income.
This portfolio consists of a total of five rental units across three properties, including a single-family home, a three-unit house, and another single-family residence. The properties offer turnkey investments with long-term tenants in place, making them an ideal addition to any investor’s portfolio.
Property Details
1. 686 East 118th Street, Cleveland, OH
• Type: Multi-Family
• Units: 3
2. 749 East 131st Street, Cleveland, OH
• Type: Single-Family
• Units: 1
3. 2827 East 119th Street, Cleveland, OH
• Type: Single-Family
• Units: 1
Investment Highlights
• Income Potential: Collectively generating close to $5,000 in monthly rental income.
• Renovations: All properties were completely renovated within the past 18 months, minimizing maintenance costs and ensuring long-term durability.
• Occupancy: Fully occupied with reliable tenants in place.
• Turnkey Investment: No additional work needed; these properties are ready to continue generating income.
• Location: Situated in Cleveland, OH, a growing market with strong rental demand.
Why Invest in Cleveland?
Cleveland’s real estate market continues to attract investors due to its affordable property values, strong rental demand, and a steady appreciation of assets. These properties are ideally located in neighborhoods with easy access to public transportation, schools, and local amenities.
Property Overview
A rare opportunity to purchase three fully renovated and income-generating properties in Cleveland, Ohio. These properties have been completely updated within the last 18 months and are currently fully occupied, generating nearly $5,000 in monthly rental income.
This portfolio consists of a total of five rental units across three properties, including a single-family home, a three-unit house, and another single-family residence. The properties offer turnkey investments with long-term tenants in place, making them an ideal addition to any investor’s portfolio.
Property Details
1. 686 East 118th Street, Cleveland, OH
• Type: Multi-Family
• Units: 3
2. 749 East 131st Street, Cleveland, OH
• Type: Single-Family
• Units: 1
3. 2827 East 119th Street, Cleveland, OH
• Type: Single-Family
• Units: 1
Investment Highlights
• Income Potential: Collectively generating close to $5,000 in monthly rental income.
• Renovations: All properties were completely renovated within the past 18 months, minimizing maintenance costs and ensuring long-term durability.
• Occupancy: Fully occupied with reliable tenants in place.
• Turnkey Investment: No additional work needed; these properties are ready to continue generating income.
• Location: Situated in Cleveland, OH, a growing market with strong rental demand.
Why Invest in Cleveland?
Cleveland’s real estate market continues to attract investors due to its affordable property values, strong rental demand, and a steady appreciation of assets. These properties are ideally located in neighborhoods with easy access to public transportation, schools, and local amenities.
Data Room Click Here to Access
Property Facts
| Price | $349,000 | Status | Active |
| Price / SF | $151.74 / SF | Number of Properties | 3 |
| Cap Rate | 12% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 2,300 SF |
| Price | $349,000 |
| Price / SF | $151.74 / SF |
| Cap Rate | 12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 2,300 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2827 E 119th St, Cleveland, OH 44120 | Multifamily | 1,100 SF | 1962 | - |
| 749 E 131st St, Cleveland, OH 44108 | Multifamily | 1,200 SF | 1967 | - |
| 686 E 118th St, Cleveland, OH 44108 | Land | - | - | - |
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5 unit - $4837 incom
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