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31774953
31774954

8 Locations For Sale

RM
OH OH 2016000269
Turn-Key CLE
Listed by Turn-Key CLE
$950,000
90 days on market
Updated 89 days ago

9 Property Value-Add Portfolio in Cleveland, OH

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building
Square Footage 11,010
Units 9
Cap Rate 9.14%
NOI $86,875
Occupancy 100%
Tenancy Multi
Sale Condition For sale by owner

9 Property Value-Add Portfolio in Cleveland, OH

Marketing description

Turn-Key CLE proudly presents an exciting "value-add" investment opportunity in Cleveland, Ohio's thriving rental market: the acquisition of eight single-family homes and one duplex, with 100% occupancy across the portfolio and currently bringing in $10,250 in monthly rental income.

The owner prefers to sell the entire portfolio together, but is willing to sell a portion of it à la carte, and will also consider offers on individual properties.

All properties are currently professionally managed by Fischer Asset Management, who currently manages over 1,400 properties in the area.

No wholesalers please - Seller will not allow the contract to be assigned to another party prior to closing. Seller financed offers, creative financing offers, and "subject to" offers will not be considered.

Listing Contacts

RM
OH OH 2016000269
Turn-Key CLE
Listed by Turn-Key CLE

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$86,875.00
$7,239.58/mo

Valuation Metrics

0
DSCR
9.14%
Cap Rate
9.14%
ROI

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Additional Information

Name
Ryan McCullough
License
OH 2016000269
Brokerage
RE/MAX Above & Beyond
Title
Real Estate Salesperson
Brokerage Address
14980 Bagley Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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