10 units | 10% cap Eastside portfolio
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10 units | 10% cap Eastside portfolio 3 biens | Immeuble residentiel | À vendre | 569 095 € | Cleveland, OH
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Guaranteed Rents - Primarily CMHA tenants
- $4000 / mo Equity to create
RÉSUMÉ ANALYTIQUE
5 property portfolio on Clevelands Eastside with a 10% cap rate!
Portfolio Snapshot:
Unit Mix: 1 Quad, 1 triplex and 3 Single-Family Homes
Total Units: 10 (across 5 parcels)
Current Rent Roll: $9313/month
Proforma Rent Roll: $14,000+/month
Average Rent (current/proforma): $931 / $1398 per unit
2025 Projected NOI: $66,016 (based on current T6)
Cap Rate: 10.16%
Proforma Cap rate : 15.87%
Vacancy: 2 units
Tenant Mix: Primarily Section 8
Total ARV : $702,000
This is a rare chance to own a stabilized, income-producing 10-unit portfolio—spread across 5 Cleveland properties in strong neighborhoods. The package includes 1 quad, 1 triplex and 3 single-family homes, offering diversification and simple management under one umbrella.
The portfolio currently brings in $9313 per month, with most tenants on Section 8 for consistent, reliable rent collections. The average rent is $930/unit and the proforma is nearly $14,000/month. Filling the vacant units alone adds $33,600/ year to the NET ($2800/mo)
Many units are already updated in some way, so there’s little need for large upfront investment.
Current NOI is $66,016, which delivers a 10.16% cap rate at asking price. With an estimated proforma cap rate of over 16% this is a rare opportunity for both strong yield and future equity growth.
This portfolio is ideal for investors seeking easy transition, cash flow from day one, room to grow income and equity, and long-term appreciation in one of the Midwest’s most resilient rental markets and offers the opportunity for easy transition, ability to create some equity with little cash input and long term appreciation.
Whether you're looking to scale in Cleveland, tap into Section 8 rent stability, or invest in a well-managed portfolio with built-in upside, this opportunity checks all the boxes.
This seller is also selling 15 more units, spread across 9 Westside properties for $1.22M
Visit Portfolio map here:
https://www.google.com/maps/d/u/0/edit?mid=1aOfwiWIqrz2RARd2P47bVkbeXjYRJgI&usp=sharing
Visit Property Website:
?? Contact us today for full financials, rent rolls, and to schedule a portfolio tour.
Properties include:
1082 E 78th St, Cleveland 44103
929 Thornhill Dr Cleveland 44108
10502 Park Heights Rd, cleveland 44125
3683 E 54th St cleveland 44105
5101 Dalton Ave Cleveland 44105
Portfolio Snapshot:
Unit Mix: 1 Quad, 1 triplex and 3 Single-Family Homes
Total Units: 10 (across 5 parcels)
Current Rent Roll: $9313/month
Proforma Rent Roll: $14,000+/month
Average Rent (current/proforma): $931 / $1398 per unit
2025 Projected NOI: $66,016 (based on current T6)
Cap Rate: 10.16%
Proforma Cap rate : 15.87%
Vacancy: 2 units
Tenant Mix: Primarily Section 8
Total ARV : $702,000
This is a rare chance to own a stabilized, income-producing 10-unit portfolio—spread across 5 Cleveland properties in strong neighborhoods. The package includes 1 quad, 1 triplex and 3 single-family homes, offering diversification and simple management under one umbrella.
The portfolio currently brings in $9313 per month, with most tenants on Section 8 for consistent, reliable rent collections. The average rent is $930/unit and the proforma is nearly $14,000/month. Filling the vacant units alone adds $33,600/ year to the NET ($2800/mo)
Many units are already updated in some way, so there’s little need for large upfront investment.
Current NOI is $66,016, which delivers a 10.16% cap rate at asking price. With an estimated proforma cap rate of over 16% this is a rare opportunity for both strong yield and future equity growth.
This portfolio is ideal for investors seeking easy transition, cash flow from day one, room to grow income and equity, and long-term appreciation in one of the Midwest’s most resilient rental markets and offers the opportunity for easy transition, ability to create some equity with little cash input and long term appreciation.
Whether you're looking to scale in Cleveland, tap into Section 8 rent stability, or invest in a well-managed portfolio with built-in upside, this opportunity checks all the boxes.
This seller is also selling 15 more units, spread across 9 Westside properties for $1.22M
Visit Portfolio map here:
https://www.google.com/maps/d/u/0/edit?mid=1aOfwiWIqrz2RARd2P47bVkbeXjYRJgI&usp=sharing
Visit Property Website:
?? Contact us today for full financials, rent rolls, and to schedule a portfolio tour.
Properties include:
1082 E 78th St, Cleveland 44103
929 Thornhill Dr Cleveland 44108
10502 Park Heights Rd, cleveland 44125
3683 E 54th St cleveland 44105
5101 Dalton Ave Cleveland 44105
INFORMATIONS SUR L’IMMEUBLE
| Prix | 569 095 € | Nb de biens | 3 |
| Prix/m² | 607,71 € / m² | Individuellement en vente | 0 |
| Taux de capitalisation | 10,16 % | Surface totale de l’immeuble | 936 m² |
| Type de vente | Investissement ou propriétaire occupant | Surface totale du terrain | 0,16 ha |
| Statut | Actif |
| Prix | 569 095 € |
| Prix/m² | 607,71 € / m² |
| Taux de capitalisation | 10,16 % |
| Type de vente | Investissement ou propriétaire occupant |
| Statut | Actif |
| Nb de biens | 3 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 936 m² |
| Surface totale du terrain | 0,16 ha |
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 1082 E 78th St, Cleveland, OH 44103 | Immeuble residentiel | 483 m² | 1890 | - |
| 929 Thornhill Dr, Cleveland, OH 44108 | Immeuble residentiel | 318 m² | 1918 | - |
| 10502 Park Heights Rd, Cleveland, OH 44104 | Immeuble residentiel | 135 m² | 1938 | - |
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10 units | 10% cap Eastside portfolio
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