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Cleveland Suburban Cash Flow 7 Properties Offered at $1,150,000 in Multiple Locations
EXECUTIVE SUMMARY
Cleveland Property Management is pleased to offer an exciting portfolio of suburban and Cleveland residential income properties. Professionally managed by Cleveland Property Management this portfolio offers an investor with consistent, low effort returns. This portfolio consists of 4 suburban single-family homes, 2 suburban duplexes and one duplex adjacent to the Cleveland Clinic and its over 30,000 high paying jobs. These 10 units are well maintained and have stable, paying residents. Gross rent is over $168,000 per year and NOI is over $124,000. At the asking price of $1,250,000 this portfolio offers a Cap Rate return of over 9.9%.
Contact Laird Wynn from Cleveland Property Management now to place you offer for this great investment.
The sellers of this portfolio will be utilizing a 1031 Exchange. Buyers may be asked to be flexible with closing dates to accommodate the seller's 1031.
Contact Laird Wynn from Cleveland Property Management now to place you offer for this great investment.
The sellers of this portfolio will be utilizing a 1031 Exchange. Buyers may be asked to be flexible with closing dates to accommodate the seller's 1031.
PROPERTY FACTS
| Price | $1,150,000 | Status | Active |
| Price / SF | $57.69 / SF | Number of Properties | 7 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 10.86% | Total Building Size | 19,934 SF |
| Sale Type | Investment | Total Land Area | 1.11 AC |
| Price | $1,150,000 |
| Price / SF | $57.69 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 10.86% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 19,934 SF |
| Total Land Area | 1.11 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2641-2643 E 115th St, Cleveland, OH 44104 | Multifamily | 2,180 SF | 1900 | - |
| 2967 E Derbyshire Rd, Cleveland Heights, OH 44118 | Specialty | 5,355 SF | 1900 | - |
| 1151 Quilliams Rd, Cleveland Heights, OH 44121 | Specialty | 2,264 SF | 1900 | - |
| 4835 Monticello Blvd, Richmond Heights, OH 44143 | Specialty | 2,288 SF | 1910 | - |
| 3925 Eastway Rd, South Euclid, OH 44118 | Specialty | 3,052 SF | 1900 | - |
| 1340 Sheffield Rd, South Euclid, OH 44121 | Specialty | 2,508 SF | 1900 | - |
| 1488 Sheffield Rd, South Euclid, OH 44121 | Specialty | 2,287 SF | 1900 | - |
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Cleveland Suburban Cash Flow
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