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Cleveland 25 Property Portfolio

2 Properties Offered at $1,700,000 in Cleveland, OH

Land Ohio Cleveland Cleveland 25 Property Portfolio

Investment Highlights

  • 87% Occupied. $23k/mo potential gross income
  • Professional property management in place
  • 20%+ Upside in the rents
  • Assumable Debt

Executive Summary

25 Property Portfolio available on Cleveland’s near-east side currently at 87% occupancy. 19 Single Family Homes, 3 Duplexes, 1 Triplex for a total of 30 units. $23,199/month gross rents at full occupancy. Most of the rents are subsidized and significantly below the 2024 HUD fair market rents presenting an excellent opportunity to increase the income. Professional property management in place to handle maintenance, annual inspections, etc. This portfolio will perform from day one and has virtually unlimited upside. Reach out today for more info.

Attachments

25 Property Portfolio Summary

Property Facts

Price $1,700,000 Status Active
Price / SF $850.00 / SF Number of Properties 2
Sale Conditions Bulk/Portfolio Sale Individually For Sale 0
Cap Rate 8.35% Total Building Size 2,000 SF
Sale Type Investment Total Land Area 0.13 AC
Price $1,700,000
Price / SF $850.00 / SF
Sale Conditions Bulk/Portfolio Sale
Cap Rate 8.35%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 2,000 SF
Total Land Area 0.13 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2951 E 67th St, Cleveland, OH 44127 Land 0.13 AC - -
2966 E 65th St, Cleveland, OH 44127 Multifamily 2,000 SF 1900 -
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1 of 1
(216) 212-9219

Contact

  • Listing ID: 32323200

  • Date on Market: 7/2/2024

  • Last Updated:

  • Address: Cleveland 25 Property Portfolio, Cleveland, OH

PROPERTIES IN NEARBY NEIGHBORHOODS

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Cleveland 25 Property Portfolio
(216) 212-9219 x

Cleveland 25 Property Portfolio

Anthony Aviles

(216) 212-9219

(216) 212-9219

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