Rare opportunity to acquire a geographically concentrated Cleveland east side portfolio consisting of 7 multi-family and 5 single-family properties totaling 20 units. This assembled package provides immediate scale, operational efficiency, and income potential that is difficult to replicate through individual acquisitions. Current vacancies have been fully renovated and are actively marketed for rent, allowing new ownership to step directly into lease-up without construction timelines, contractor coordination, or renovation risk. These units are positioned to convert directly into income. Market rents support approximately $23,200 per month or $278,400 in potential annual income once stabilized. Located steps from Cleveland's largest employment and education hubs, the portfolio benefits from strong rental fundamentals, proven voucher reliability, and public and private reinvestment occurring throughout the corridor. The geographic density of the properties allows for efficient management and multiple investment strategies. Full address list, rent roll, and financials available upon request.
Listed By
Agency Name: Berkshire Hathaway HomeServices Professional Realty
Agency Contact: tarina.sellshomes@yahoo.com, 419-706-2365
Shown By
Agency Title: M.C. Real Estate
Agency Phone: (330) 723-9911
Estimated Payment
$ 3,750.68 per month $3,316.09 Principal & Interest $0.00 Property Tax (data not provided by mls) $434.58 Homeowner's Insurance
16705 Hillsboro Road | MLS# 5185425
This multi-family property located at 16705 Hillsboro Road, Cleveland, OH 44112 is currently listed for sale with an asking price of $1,490,000. Hillsboro Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.mcrealestateohio.com today.