Remarks

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.
CAP RATE – 8.25%
Current NOI with anticipated 2024 pay in 2025 property taxes - $236,441.52
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.
Portfolio consists of 14 Single Family homes, 5 Duplexes, 1 Triplex, and 2 Fourplexes.
Do not disturb tenants, do not walk properties. Inspections upon accepted offer only!
Find the video w/ aerials online, or ask your agent for a link.

Details

MLS#: 5089683
Price: $2,866,100

Style: Apartment
Sq Ft: 0
Year Built: 1920

County: Cuyahoga
Subdivision: Brooklyn
Tax Fee: 31433

School District: Cleveland Municipal - 1809