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Buy&Hold (Multifamily): 21 Unit Turnkey Rental Portfolio, Cleveland, OH - Deal Available

Updated: Jan 22

Multifamily Investment Opportunity Available



9511 Reno Ave., Cleveland OH 44105 - Duplex (2 Units)



1135 E. 74th, Cleveland, OH 44103 - Duplex ( 4 Units)



10306 Prince Ave, Cleveland, OH 44105 - Duplex (2 Units)



6914 St. Clair Ave., Cleveland, OH 44103 - 7 Units



945-949 E 77th St., Cleveland, OH 44103 - Duplex (2 units)



9620 Fuller Ave., Cleveland, OH 44104 - Duplex (2 Units)



1426 E. 94th St. 44106 - Duplex (2 Units)



Portfolio Price

$780,000


21 Units

13.7% CAP Rate

$89K Annual NOI

95% occupied


Great opportunity to invest in the thriving market of Cleveland, OH. These properties are in turnkey condition and are currently 95% tenant occupied. The proforma cap rate at market rent is 15.8%. The value add here lies in upgrading the units and increasing rents. Rent Rolls and additional information available upon request. Please submit all offers to sarter@promiselandrealtyllc.com



Property Photos:


1. 945-947 E 77th St: https://photos.app.goo.gl/Zo4QhAMAJ56fNFS66

2. 6914 St. Clair: https://photos.app.goo.gl/hJpiksYR5LKw4JH38

3. 1426 E 94th St.: https://photos.app.goo.gl/sXL3bo3Wu4iC57kJ9

4. 1135 E 74th St: https://photos.app.goo.gl/vpWibrrg8dFg79hBA

5. 9511 Reno Ave: https://photos.app.goo.gl/ghcy3ycQFpa4pU5C7

6. 9620 Fuller Ave: https://photos.app.goo.gl/qNgERavbyYHfMrQB6

7. 10306 Prince Ave: https://photos.app.goo.gl/8NrFLtLcf3FnByGQA


Rent Roll:

2021-2022 exp_income (1)
.xlsx
Download XLSX • 44KB

Map



"Your #1 Source for Off Market Investment Properties, NATIONWIDE"




PROMISE LAND REALTY, LLC


Work: 864-762-2509


sarter@promiselandrealtyllc.com


www.promiselandrealtyllc.com



All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*

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