

Listed by Green Bridge Real Estate
$399,900
Pines Package
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 4
Broker Co-Op Yes
Year Built 1914, 1925
Year Renovated 2017, 2021, 2025
Buildings 2
Stories 2
Multifamily | 4 Units | $99,975/unit
Marketing description
Introducing the Pines Duplex Package! Located at 244-246 Center Rd, Bedford, OH 44146 & 12010 Derby Rd, Garfield Heights 44125, this duo of fully rented and recently remodeled duplexes presents a lucrative investment opportunity. The Bedford property features side-by-side 3-bed, 1-bath units renting for $1400/month, while the Garfield Heights property offers an Up-Down layout with a 2-bed, 1-bath unit and a 1-bed, 1-bath unit. With strong cap rates of 10.79% and 11.35% respectively, these residences are primed for an investor looking to step into a thriving operation.
Boasting solid structural integrity and recent updates, there are no major projects needed, making it a seamless investment move. Offered individually or as a package deal, the Pines Duplex Package is priced attractively at $399,900, providing a compelling 11.3% cap rate return. Don't miss out on this turnkey investment opportunity in a desirable rental market! Contact us for financial details and seize this chance to expand your portfolio with ease.
Investment highlights
Bedford:
2 - 3/1 units
Gross Income: 31,800
Expenses: 5,896
Net Income: 25,904
Garfield:
1 - 2/1 unit, 1 - 1/1 unit
Gross income: 23,100
Expenses: 3,808
Net income: 19,292
Listing Contacts


Listed by Green Bridge Real Estate
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