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Cleveland Portfolio - Cleveland Portfolio 20 Unit Apartment Building Offered at $1,490,000 Cleveland, OH 44112
Investment Highlights
- Proven voucher strength for reliable collections
- Buy where the fundamentals are already in place.
- Below-replacement pricing with rent normalization upside
Executive Summary
Rare opportunity to acquire a geographically concentrated Cleveland east side portfolio consisting of 7 multi-family and 5 single-family properties totaling 20 units. This assembled package provides immediate scale, operational efficiency, and income potential that is difficult to replicate through individual acquisitions. Current vacancies have been fully renovated and are actively marketed for rent, allowing new ownership to step directly into lease-up without construction timelines, contractor coordination, or renovation risk. These units are positioned to convert directly into income. Market rents support approximately $23,200 per month or $278,400 in potential annual income once stabilized. Located steps from Cleveland’s largest employment and education hubs, the portfolio benefits from strong rental fundamentals, proven voucher reliability, and public and private reinvestment occurring throughout the corridor. The geographic density of the properties allows for efficient management and multiple investment strategies. Full address list, rent roll, and financials available upon request.
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Property Facts
| Price | $1,490,000 | Property Type | Multifamily |
| Price Per Unit | $74,500 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1920 |
| No. Units | 20 |
| Price | $1,490,000 |
| Price Per Unit | $74,500 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| No. Stories | 1 |
| Year Built | 1920 |
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Property Taxes
| Parcel Number | 117-14-030 | Improvements Assessment | $13,405 |
| Land Assessment | $4,830 | Total Assessment | $18,235 |
Property Taxes
Parcel Number
117-14-030
Land Assessment
$4,830
Improvements Assessment
$13,405
Total Assessment
$18,235
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