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12010 DERBY AVE, GARFIELD HEIGHTS, OH 44125

Green Bridge Real Estate
Listed by Green Bridge Real Estate
$169,900
3 days on market
Updated 3 days ago

12010 DERBY AVE GARFIELD HEIGHTS OH 44125

Details
APN 542-36-054
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,304
Units 2
Tenancy Multi
Class B
Year Built 1925
Stories 2
Lot Size (SqFt) 4,800
Zoning residential
Investment Type Stabilized
Sale Condition N/A

About This Property

Marketing description

Pines Duplex Package presents a turnkey multifamily investment opportunity featuring two fully leased duplexes in proven Northeast Ohio rental locations: 244-246 Center Rd, Bedford, OH 44146 & 12010 Derby Rd, Garfield Heights, OH 44125. This recently remodeled portfolio combines stable in-place occupancy with strong returns and minimal near-term capital needs. The Bedford asset is a side-by-side duplex with two 3-bedroom, 1-bath units, each renting for $1,400 per month. The Garfield Heights property is an up-down duplex offering one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit. With a history of successful operation, solid building fundamentals, and numerous mechanical upgrades and capital improvements completed over the years, this package is ideal for investors seeking immediate cash flow and a smooth transition in management. Ownership can acquire the properties individually or as a package. Offered at $399,900 for the full portfolio, the package delivers an attractive 11.3% cap rate. Individual pricing is also available, making Pines Duplex Package a compelling opportunity for investors looking to expand with stabilized, income-producing multifamily assets.

Investment highlights

• 2 Duplex homes -> fully rented

• Offered individually or together

• Bedford -$239,900 -10.79% cap rate

• Garfield -$169,900 –11.35% cap rate

• Please reach out for Financial details

Listing Contacts

Green Bridge Real Estate
Listed by Green Bridge Real Estate

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