$1,400,000
Cleveland Rental Portfolio
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 19,000
Units 14
Occupancy 57.14%
Tenancy Multi
Pro-Forma Cap Rate 11.27%
Pro-Forma NOI $157,806
Year Built 1920
Year Renovated 2023
Buildings 13
Investment Type Value Add
Sale Condition For sale by owner
Multifamily | 14 Units | $100,000/unit
Marketing description
Rare opportunity to acquire a 13-property residential portfolio consisting of 12 single-family homes and 1 duplex. The portfolio includes 8 occupied units and 5 rent-ready vacant units, offering immediate upside through lease-up.
Cleveland offers strong rent-to-price ratios and consistent demand for workforce housing, making it a top cash-flow market for investors nationwide.
Investment highlights
- Immediate lease-up opportunity
- Strong Cleveland rental demand
- Value-add upside
- Scalable portfolio footprint
Listing Contacts
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