7611 W River Rd S
Elyria, OH 44035
100369 . 10 Home SFR Cleveland OH · Specialty Property For Sale · 11,198 SF

This portfolio offers an investor immediate cash flow in the Greater Cleveland market, currently operating at with no vacancies. This portfolio can be packaged for an investor with any of our other portfolios in Cleveland, as well as throughout the country. The average vintage of the homes is 1925, and the majority were remodeled in 2016. This portfolio offers an efficient mix of two, three and four-bedroom homes, providing options for residents of different family sizes. The mix of floor plans ranges from 608 to 2,514 square foot living area, averaging out at 1,120 square feet. Rents throughout the portfolio are on average $702 per month, which are projected to be raised to market rates that average $760, nearly an 8% average rent increase. Rental growth in this submarket is continuing to increase and will contribute to an investor’s bottom-line growth after the acquisition. This 10 home SFR investment portfolio is listed at a value of only $47 per square foot, compared to the median list price of $70 per square foot in the Cleveland market, creating a value-add opportunity for an increased return at disposition. Cleveland home values have gone up 2.3% over the past year and are expected to continue rising.