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TURNKEY | 100% Occupied | $97,200 Gross 3 Multifamily Properties Offered at $585,000 in Cleveland, OH
Investment Highlights
- Immediate Portfolio Cash Flow: 12 occupied units generating $97,200 in annual gross rental income with a stated $69,291 annual NOI
- Efficient Cleveland Portfolio: Three multifamily properties concentrated within a close geographic footprint
- Built-In Rental Upside: Current rents range from $450 to $750/month, providing potential opportunities to increase portfolio revenue as leases turn an
Executive Summary
are opportunity to acquire a fully occupied 12-unit multifamily portfolio across three Cleveland properties, offering immediate cash flow with additional upside for an investor looking to grow income over time.
The portfolio includes 3421 E 119th St (6 units), 995 E 143rd St (4 units), and 3590 E 108th St (2 units). All 12 units are currently occupied and listed in good condition, generating approximately $8,100 per month / $97,200 annually in gross rental income. Current package expenses are approximately $27,909 annually, resulting in a stated NOI of $69,291.
With current rents ranging from $450–$750 per month, the portfolio presents an opportunity for investors to pursue future rental growth while benefiting from established income from day one. The three assets are positioned within a relatively tight Cleveland footprint, making the package attractive for streamlined management and investors seeking immediate scale without acquiring properties individually.
The portfolio includes 3421 E 119th St (6 units), 995 E 143rd St (4 units), and 3590 E 108th St (2 units). All 12 units are currently occupied and listed in good condition, generating approximately $8,100 per month / $97,200 annually in gross rental income. Current package expenses are approximately $27,909 annually, resulting in a stated NOI of $69,291.
With current rents ranging from $450–$750 per month, the portfolio presents an opportunity for investors to pursue future rental growth while benefiting from established income from day one. The three assets are positioned within a relatively tight Cleveland footprint, making the package attractive for streamlined management and investors seeking immediate scale without acquiring properties individually.
Property Facts
| Price | $585,000 | Number of Properties | 3 |
| Price / SF | $31.85 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 18,369 SF |
| Status | Active | Total Land Area | 0.32 AC |
| Price | $585,000 |
| Price / SF | $31.85 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 18,369 SF |
| Total Land Area | 0.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3421 E 119th St, Cleveland, OH 44120 | Multifamily | 8,763 SF | 1917 | - |
| 995 E 143rd St, Cleveland, OH 44110 | Multifamily | 6,444 SF | 1923 | - |
| 3590 E 108th St, Cleveland, OH 44105 | Multifamily | 3,162 SF | 1910 | - |
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TURNKEY | 100% Occupied | $97,200 Gross