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11 Residential units, 3 Storefront 2 Multifamily Properties Offered at $1,000,000 in Cleveland, OH



Executive Summary
This is a 11 smaller residential rental units (most are 1 bedrooms, and two bedrooms apartments), with 3 Storefront retail store turnkey Rental — Stable Income-Producing Properties portfolio:
This is a rare chance to acquire a packaged portfolio of 2 rental properties consisting of a 4-multifamily homes and two commercial buildings that include 3 storefront and 7 units of walk-up apartments, delivering strong, stable cash flow investment returns.
There are two additional single-family homes to be added onto this portfolio if you'd prefer to have a bigger portfolio: one is located in University Heights, the other is located in Beachwood OH.
1) 4-multifamily property:
see pictures above, this is two buildings, front and back in the same lot, each has two-family houses (up and down) – with solid structure, full size basement on each of the buildings. Each has its own utility meters separately.
2) Two Commercial Buildings, comprising:
This is a property on two lot size, the first floor has 3 Retail Storefronts – Street-level visibility in active China town zones, two large Chinese restaurants just across the street, and two breakfaster restaurants next door, and a Kosher meat market just opposite street; On the second level, there are 7 walk-up apartments: located above storefronts;
Total number of rental units (with separate lease): 14 (inc. 3 storefront)
Total number of bedrooms: 18
Total number of Bathrooms: 16
Total space of 4-Unit duplex residential rental: 3696 sqft (920 sqft each)
Total space of 3 x Storefront: about 1,400 each
Total space of 2 commercial building: 14,368
Total number of forced air furnace: 12
Total number of hot water tanks: 14
You can also pick part of the above portfolio for your need too. This is a must-sell deal because of the owner retired. We'd prefer sell as a whole package. We are taking the best offer.
If you are interested, please call or text our cell: 216-600-8399
Thank you!
TBD Group LLC
This is a rare chance to acquire a packaged portfolio of 2 rental properties consisting of a 4-multifamily homes and two commercial buildings that include 3 storefront and 7 units of walk-up apartments, delivering strong, stable cash flow investment returns.
There are two additional single-family homes to be added onto this portfolio if you'd prefer to have a bigger portfolio: one is located in University Heights, the other is located in Beachwood OH.
1) 4-multifamily property:
see pictures above, this is two buildings, front and back in the same lot, each has two-family houses (up and down) – with solid structure, full size basement on each of the buildings. Each has its own utility meters separately.
2) Two Commercial Buildings, comprising:
This is a property on two lot size, the first floor has 3 Retail Storefronts – Street-level visibility in active China town zones, two large Chinese restaurants just across the street, and two breakfaster restaurants next door, and a Kosher meat market just opposite street; On the second level, there are 7 walk-up apartments: located above storefronts;
Total number of rental units (with separate lease): 14 (inc. 3 storefront)
Total number of bedrooms: 18
Total number of Bathrooms: 16
Total space of 4-Unit duplex residential rental: 3696 sqft (920 sqft each)
Total space of 3 x Storefront: about 1,400 each
Total space of 2 commercial building: 14,368
Total number of forced air furnace: 12
Total number of hot water tanks: 14
You can also pick part of the above portfolio for your need too. This is a must-sell deal because of the owner retired. We'd prefer sell as a whole package. We are taking the best offer.
If you are interested, please call or text our cell: 216-600-8399
Thank you!
TBD Group LLC
Property Facts
| Price | $1,000,000 | Status | Active |
| Price / SF | $131.73 / SF | Number of Properties | 2 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 15.17% | Total Building Size | 7,591 SF |
| Sale Type | Investment | Total Land Area | 1.46 AC |
| Price | $1,000,000 |
| Price / SF | $131.73 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 15.17% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,591 SF |
| Total Land Area | 1.46 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1372 E 45th St, Cleveland, OH 44103 | Multifamily | 4,791 SF | 1900 | - |
| 4033-4043 St Clair Ave, Cleveland, OH 44103 | Multifamily | 2,800 SF | 1900 | - |
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TBD Group LLC
11 Residential units, 3 Storefront
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