
12010 DERBY AVE GARFIELD HEIGHTS OH 44125
About This Property for Sale
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
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