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39 Unit Cleveland Portfolio 13 biens | Immeuble residentiel | À vendre | 1 934 370 € | Cleveland, OH
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Cash-flowing & stabilized with strong value-add potential
- 13 properties | 39 units in high-demand submarkets
- Proforma CAP: 13%+ | 20%+ cash-on-cash returns
- 26 reliable Section 8 tenants
- Proforma monthly rent: $40,150
- Rent increases achievable via standard Section 8 adjustment submissions
RÉSUMÉ ANALYTIQUE
An extremely rare opportunity to acquire a fully cash-flowing, stabilized portfolio in the highly sought-after Cleveland rental market. This impressive collection of 13 properties, totaling 39 units, is strategically located in strong submarkets recognized for consistent demand, tenant retention, and long-term appreciation.
Currently ~90% occupied, with four units in active lease-up to subsidized tenants (expected to be fully leased by closing), this portfolio offers immediate income stability and strong upside potential. Once fully occupied, the portfolio is projected to deliver a cap rate exceeding 10%.
The portfolio currently includes 26 Section 8 tenants, providing reliable, government-backed income and confirming that the properties are in good condition, having already passed Section 8 inspections. This also allows a new owner to easily increase rents through standard Section 8 rental adjustment submissions—without any physical work or capital improvements required.
To ensure a smooth and seamless transition, a professional property management company has already agreed to manage the portfolio, offering experienced oversight and continuity from day one.
All electric and gas utilities are tenant-paid, while ownership covers only water and sewer, minimizing operating costs and enhancing net operating income.
This is a true turnkey, cash-flowing asset with significant value-add potential. By aligning all rents to market and Section 8 program rates, investors can achieve a 13%+ cap rate and 20%+ cash-on-cash returns — a rare find in today’s market.
Don’t miss this opportunity to secure a high-yield, scalable Cleveland portfolio offering immediate cash flow and exceptional long-term growth.
Currently ~90% occupied, with four units in active lease-up to subsidized tenants (expected to be fully leased by closing), this portfolio offers immediate income stability and strong upside potential. Once fully occupied, the portfolio is projected to deliver a cap rate exceeding 10%.
The portfolio currently includes 26 Section 8 tenants, providing reliable, government-backed income and confirming that the properties are in good condition, having already passed Section 8 inspections. This also allows a new owner to easily increase rents through standard Section 8 rental adjustment submissions—without any physical work or capital improvements required.
To ensure a smooth and seamless transition, a professional property management company has already agreed to manage the portfolio, offering experienced oversight and continuity from day one.
All electric and gas utilities are tenant-paid, while ownership covers only water and sewer, minimizing operating costs and enhancing net operating income.
This is a true turnkey, cash-flowing asset with significant value-add potential. By aligning all rents to market and Section 8 program rates, investors can achieve a 13%+ cap rate and 20%+ cash-on-cash returns — a rare find in today’s market.
Don’t miss this opportunity to secure a high-yield, scalable Cleveland portfolio offering immediate cash flow and exceptional long-term growth.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 1 934 370 € | Nb de biens | 13 |
| Prix/m² | 513,09 € / m² | Individuellement en vente | 0 |
| Taux de capitalisation | 10,45 % | Surface totale de l’immeuble | 3 770 m² |
| Type de vente | Investissement | Surface totale du terrain | 0,05 ha |
| Statut | Actif |
| Prix | 1 934 370 € |
| Prix/m² | 513,09 € / m² |
| Taux de capitalisation | 10,45 % |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 13 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 3 770 m² |
| Surface totale du terrain | 0,05 ha |
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 1146 E 66th St, Cleveland, OH 44103 | Immeuble residentiel | 667 m² | 1895 | - |
| 2881 E 114th St, Cleveland, OH 44104 | Immeuble residentiel | 572 m² | 1926 | - |
| 6819 Gertrude Ave, Cleveland, OH 44105 | Immeuble residentiel | 446 m² | 1920 | - |
| 1110 E 64th St, Cleveland, OH 44103 | Immeuble residentiel | 396 m² | 1909 | - |
| 4289 E 131st St, Cleveland, OH 44105 | Immeuble residentiel | 214 m² | 1922 | - |
| 3300 E 135th St, Cleveland, OH 44120 | Immeuble residentiel | 212 m² | 1924 | - |
| 6825 Gertrude Ave, Cleveland, OH 44105 | Immeuble residentiel | 207 m² | 1920 | - |
| 9609 Lamontier Ave, Cleveland, OH 44104 | Immeuble residentiel | 203 m² | 1920 | - |
| 10552 Elk Ave, Cleveland, OH 44108 | Immeuble residentiel | 198 m² | 1916 | - |
| 12001 Imperial Ave, Cleveland, OH 44120 | Immeuble residentiel | 197 m² | 1925 | - |
| 3681 E 154th St, Cleveland, OH 44120 | Immeuble residentiel | 174 m² | 1918 | - |
| 4119 E 57th St, Cleveland, OH 44105 | Immeuble residentiel | 144 m² | 1900 | - |
| 7512 Ottawa Rd, Cleveland, OH 44105 | Immeuble residentiel | 139 m² | 1910 | - |
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39 Unit Cleveland Portfolio
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