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1054 Nelaview rd
Cleveland Heights, OH 44112
18 Unit Portfolio! STABILIZED W/ UPSIDE! · Immeuble residentiel Bien À vendre
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Stabilized and cash flowing with upside!
- Currently grosses $20,000+ per month in income!
- Easy value-add through finishing renovations, filling vacant units, and section 8 rent increases!
- Desirable suburban location in Cleveland Heights!
- Proforma income potential of $28,000+ per month!
- All section 8 tenants meaning consistent, reliable collections!
Résumé analytique
Incredible opportunity to acquire 18 units in one of Cleveland’s premier east side suburbs! Ideally located in Cleveland Heights, this portfolio is perfect for the investor looking for the opportunity for instant cashflow and scale. 16 individual properties totaling 18 units make up this portfolio. Currently, 14 units are occupied and bringing in over $20,000 per month with a significant amount of upside through applying for rent increases via section 8 and rehabbing/leasing the vacant units! The current occupants are section 8 tenants, meaning a new owner will be happy with consistent and essentially “guaranteed” rent collections. Based on proforma rents in the area, a new owner should easily be able to get this portfolio to gross over $28,500+ per month with little effort!
With the majority of units being 3 bedrooms, rents can easily be pushed and NOI increased. Based on estimated expenses, at a cap rate of 7% on proforma numbers, the value of this portfolio should easily exceed $2.85M! In addition, all tenants are month to month, allowing a buyer to immediately implement their business plan and increase rents across the board. Tenants are currently responsible for their own electricity, gas, trash and lawn care. Owner pays water/sewer at all properties.
With the majority of units being 3 bedrooms, rents can easily be pushed and NOI increased. Based on estimated expenses, at a cap rate of 7% on proforma numbers, the value of this portfolio should easily exceed $2.85M! In addition, all tenants are month to month, allowing a buyer to immediately implement their business plan and increase rents across the board. Tenants are currently responsible for their own electricity, gas, trash and lawn care. Owner pays water/sewer at all properties.
Informations sur l’immeuble
| Prix/m² | 384,79 € / m² | Individuellement en vente | 0 |
| Type de vente | Investissement | Surface totale de l’immeuble | 3 364 m² |
| Statut | Actif | Surface totale du terrain | 0,47 ha |
| Nb de biens | 10 |
| Prix/m² | 384,79 € / m² |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 10 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 3 364 m² |
| Surface totale du terrain | 0,47 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
| 3388 Altamont Ave, Cleveland, OH 44118 | Immeuble residentiel | 180 m² | 1920 | - |
| 3312 Desota Ave, Cleveland Heights, OH 44118 | Immeuble residentiel | 609 m² | 1920 | - |
| 898 Caledonia Ave, Cleveland Heights, OH 44112 | Immeuble residentiel | 561 m² | 1924 | - |
| 935 Greyton Rd, Cleveland Heights, OH 44112 | Immeuble residentiel | 544 m² | 1925 | - |
|
1054 Nelaview Road
1054 Nelaview rd, Cleveland Heights, OH 44112 |
Immeuble residentiel | 534 m² | 1923 | - |
| 2245 N Taylor Rd, Cleveland Heights, OH 44112 | Immeuble residentiel | 302 m² | 1954 | - |
| 952 Nela View Rd, Cleveland Heights, OH 44112 | Immeuble residentiel | 278 m² | 1925 | - |
| 946 Nela View Rd, Cleveland Heights, OH 44112 | Immeuble residentiel | 127 m² | 1925 | - |
| 908 Greyton Rd, Cleveland Heights, OH 44112 | Immeuble residentiel | 116 m² | 1925 | - |
| 942 Whitby Rd, Cleveland Heights, OH 44112 | Immeuble residentiel | 113 m² | 1925 | - |
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