Buy & Hold (Multifamily Rentals): 17 Unit Portfolio, Cleveland OH 44105 + SOLD
- Promise Land Realty
- Feb 12
- 3 min read
Updated: May 14
Multifamily Investment Opportunity
Price
$731,000
($43K per door)
š„ OFF-MARKET MULTIFAMILY PACKAGE DEAL ā
17 DOORS | CLEVELAND, OH | NEAR TURNKEY š„š¢
š 8 Properties | 17 Total Doors | Cash-Flowing | Estate Sale
š° Price: $731,000 ($43K per door) ā CASH ONLY!
No lowball offers.
šø Current Monthly Income (3 Vacancies): $10,600
š Market Rent Potential: $20,000+/mo
š ļø Very Well Maintained | Below Market Rents | Tenants Want to Stay
š Submit all offers to: investments@promiselandrealtyllc.com
š PHOTOS & APPRAISALS: View Here
ā ļø DO NOT BLAST OR POST! DIRECT BUYERS ONLY!
š PROPERTY DETAILS:
š 3555 East 74th Cleveland, OH 44105š¹ Duplex ā Rented: $1,400/mo (Section 8 + Cash)š¹ Long-term tenants | Newer roof & water heatersš¹ Needs: Electrical box replacement, vanity in upstairs bathroom
š 3559 East 74th Cleveland, OH 44105š¹ Duplex ā Rented: $1,400/mo (Section 8 + Cash)š¹ Newer furnace & water tanksš¹ Needs: Kitchen tile, screen door, minor porch repairs, check roof
š 3593 East 74th Cleveland, OH 44105š¹ Duplex ā Rented: $1,525/mo (Section 8 + Cash)š¹ Newer water tanksš¹ Needs: New furnaces, upstairs kitchen faucet, gutters cleaned
š 3564 East 53rd St Cleveland, OH 44105š¹ 3-Unit + 1 Storefront (Potential 4th Unit)š¹ Rented: $1,300/mo (2 tenants, 1 behind 3 months but approved for CMHA assistance)š¹ Downstairs Unit: Needs full rehabš¹ Needs: New water tanks, furnaces, minor front brick repair
š 7805 Force Ave Cleveland, OH 44105š¹ Duplex ā Rented: $1,400/mo (Section 8 + Cash)š¹ Needs: New furnaces, water tanks
š 7719 Force Ave Cleveland, OH 44105š¹ Duplex ā Rented: $750 (up), vacant (down)š¹ Needs: Ceiling repair in downstairs unit (In Progress), furnace replacement
š 7918 Goodman Cleveland, OH 44105š¹ Duplex ā Rented: $750 (up), vacant (down)š¹ Needs: Electrical updates, gutters cleaned
š 8000 Goodman Cleveland, OH 44105š¹ Duplex ā Rented: $1,425/mo (Section 8 + Cash, CMHA status unsure upstairs)š¹ Newer electricalš¹ Needs: Furnace replacements, 1 water tank
š Why Invest in Cleveland Right Now?
ā High Cash Flow Market ā Affordable property prices with strong rental demandā Below Market Rents = Immediate Upside ā Raise rents to market rate for $20K+/mo potentialā Tenant-Friendly Properties ā Long-term tenants, well-maintained, and cooperative
š Why Invest in Section 8 Properties in Cleveland?
š¦ Guaranteed Rental Income: Section 8 (CMHA) ensures government-backed payments, reducing vacancy risks and ensuring reliable cash flow.š Rent Stability: Even during economic downturns, HUD payments remain consistent, protecting your rental income.š Higher Rents Possible: Section 8 often allows higher-than-average market rents, depending on property conditions and local rental limits.š Lower Turnover Rates: Section 8 tenants tend to stay longer, minimizing vacancies and reducing tenant turnover costs.š Clevelandās Affordable Housing Demand: Rising rental demand + affordable housing shortage = consistent demand for Section 8 units.
š This deal will NOT last! First to fund wins! Serious CASH BUYERS ONLY.
š© Submit all offers to: investments@promiselandrealtyllc.com
š TEAM PROMISELAND DISCLAIMER
No one is allowed to market this property list without express written permission or membership in TEAM PROMISELAND affiliates. Unauthorized use incurs a $500 fine.
Property Map
"Your #1Ā Source for Off Market Real Estate Properties, Nationwide"
PROMISE LAND REALTY, LLC
Work: 248- 416-2574
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. 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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