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29770054
29770055

3240 W 38th St, Cleveland, OH 44109 For Sale

EM
OH OH SAL.0000426504
Home Smart Homes
Listed by Home Smart Homes
$535,000
152 days on market
Updated 152 days ago

5 Property Portfolio

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 5,025
Net Rentable (SqFt) 5,025
Pads 5
Cap Rate 10.49%
NOI $56,100
Occupancy 100%
Price per SqFt $106
Broker Co-Op Yes
Acreage 0.500
Occupancy Date 02/16/2026
Ground Lease No
Sale Condition 1031 exchange

Multifamily | 10.49% CAP

Marketing description

This Solid Portfolio Offers 5 Single Family Homes in the High Desired Area of Cleveland. Homes are in excellent location within close proximity of each other. Stable long term tenants in place bringing in $5,550 a month. Addresses are 1) 3240 W. 38th Cleveland 44109 3 Bedroom updates siding, roof, and Hvac 2) 12205 Emery Cleveland 44135 3 bedroom updates Hvac, Windows and flooring 3) 13615 Bennington Cleveland 44135 2 Bedroom 4) 3938 W. 130th Cleveland 44111 3 bedroom 5) 2207 W. 106th 2 Bedroom

Listing Contacts

EM
OH OH SAL.0000426504
Home Smart Homes
Listed by Home Smart Homes

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,100.00
$4,675.00/mo

Valuation Metrics

0
DSCR
10.49%
Cap Rate
10.49%
ROI

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Additional Information

Name
Edward Moore
License
OH SAL.0000426504
Brokerage
HOMESmartHOMES
Title
Broker
Brokerage Address
7120 Southfield Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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