Single Family Residential Portfolio with Corporate Tenants
100% Occupancy Across the Portfolio with Strong Rent Roll
Marketing description
For registration requirements and regulations, please review here or contact Bianca Diorio | 954-302-3810 | [email protected].
Single Family Residential Portfolio | Cleveland, OH presents a rare opportunity to acquire a fully occupied, cash-flowing collection of four renovated homes in one of Ohio’s strongest rental markets. This turnkey portfolio totals 6,185 SF across 15 bedrooms and 9.5 bathrooms, with all properties located in close proximity for streamlined management. The offering includes 1382 Larchmont Road, 845 Helmsdale Road, 3718 E 71st Street, and 1174 E 61st Street. According to the rent roll on page 7, the portfolio generates current monthly income of $12,520 and annual base rent of $150,240, with 100% occupancy in place. Three of the four homes are leased to a corporate tenant, providing dependable income, while tenants are responsible for utilities and trash, helping minimize landlord expenses. As highlighted on pages 3 and 16, major renovations totaling more than $87,800 were completed in 2025, enhancing the portfolio’s appeal and reducing near-term capital needs. Positioned in Cleveland near major employment, healthcare, and educational anchors, this offering combines stable in-place income, operational efficiency, and value-add upside in a high-demand residential market!
- Non-Contingent
- Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
3718 E 71st St, Cleveland, OH 44104
845 Helmsdale Rd, Cleveland Heights, OH 44112
1174 E 61st St, Cleveland, OH 4103
1382 Larchmont Rd, Cleveland, OH 44110
Investment highlights
OH Auctioneer: Stephen Dawson, OH 2023000138
- Rare Portfolio of Four Single Family, Residential Homes
- 100% Occupancy Across the Portfolio with Strong Rent Roll
- Ability to Achieve Double Digit Returns Due to Lucrative Cash Flow & Reliable Tenants
- Current Monthly Income is $12,520
- 3 of 4 Properties are Leased to Corporate Tenant, Renewed Recovery Housing
- Properties Comprise of 15 Total Beds and 9.5 Bathrooms
- Tenants are Responsible for All Utilities, Including Trash Removal with Minimal Landlord Expenses
- Major Renovations were Completed in 2025 by Both Landlord and Tenants, Exceeding $87,800
- Located in Cleveland, Ohio’s Thriving Rental Market
- All Properties are in Close Proximity for Ease of Management
- Turn-Key CLE Proudly Presents an Exciting “Value-Add” Investment Opportunity
- In Place Management Willing to Stay on for Passive Investor
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