Cleveland 35 Unit Portfolio 11.32% Cap
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Cleveland 35 Unit Portfolio 11.32% Cap
22 Properties Offered at $2,766,100 in Cleveland, OH
INVESTMENT HIGHLIGHTS
- All properties are within a 1/2 mile radius for ease of management
- Close to Downtown Cleveland, MetroHealth Hospital, Cleveland Steelyards, Ohio City, West Side Market, Edgewater Park, & The Cleveland Metroparks Zoo
- Mix of single family, duplex, triplex, and quads
EXECUTIVE SUMMARY
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.
CURRENT CAP RATE – 8.55%
Current NOI with anticipated 2024 pay in 2025 property taxes - $236,441.52
POTENTIAL CAP RATE - 11.32%
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.
Be sure to check out the video link.
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.
CURRENT CAP RATE – 8.55%
Current NOI with anticipated 2024 pay in 2025 property taxes - $236,441.52
POTENTIAL CAP RATE - 11.32%
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.
Be sure to check out the video link.
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Cleveland 35 Unit Portfolio 11.32% Cap
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