$852,800
Multiple, Cleveland, OH 44120
Current Rent **
$10,000+
Projected Rent **
N/A
Cleveland Multi Family Portfolio
Capitalize on a portfolio of seven multi-family properties totaling 18 units throughout Eastern Cleveland. Four of the properties, which are located at 14720 Coit Road, 3349 E 132nd Street, 11705 Fairport Ave and 474 E 128th Street, are duplexes, two at 1853 Mannering Road and 10012 Parkgate Avenue are triplexes, and one at 3459 E 140th Street is a quadplex. The recently updated residences include new water tanks and furnaces, significantly lowering capital expenditures for buyers for the foreseeable future. Investors will find that the properties boast $16,300 per month in rental income and a 16% return on investment, making for a desirable addition to any investment portfolio. Additionally, each home is located within a 20-minute drive of Downtown Cleveland. Four of the properties are also situated just north of Shaw High School and Euclid Avenue and within a 10-minute drive of the Cleveland Clinic’s main campus and Case Western Reserve University.
Location:
Multiple, Cleveland, OH 44120
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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