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16705 Hillsboro Road, Cleveland, OH 44112

$1,490,000
  • 16705 Hillsboro Road, Cleveland, OH 44112 Main Photo
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Active
BEDS3 BATHS1 full MLS#5185425
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLCleveland Municipal - 1809

Property Description

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.

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.

Property Features

Property Type: Multi Unit - Multiple
Cooling: None
Heating: Gas
Lot Size: 1.00 Acres
Roof Type: Asphalt
Stories: 1.0
Taxes: $0 / year

Feature Descriptions

Days on Site: 32
Exterior: Vinyl Siding
Parcel#: 117-14-030
Parking: Off Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Listed By / Shown By

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

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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

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