$1,095,000

About this home

PORTFOLIO SALE — 11 single-family rentals across Cleveland and the inner-ring suburbs, offered as one transaction at $1,125,000 ($102K/door). Currently producing $135,216 in annual gross rent (10 of 11 units occupied) with significant proforma upside as below-market rents roll. The portfolio includes: 1236 E 173rd St, 1115 Villaview Rd, and 18324 Landseer Rd (44119); 16010 S Lotus Dr (44128); 4898 E 95th St, 4838 Rockwood Rd, and 10014 Parkview Ave (44125); 14202 Rexwood Ave and 4265 E 126th St (44105); 3497 Boynton Rd and 3281 Berkeley Rd (Cleveland Heights). Unit mix ranges from 2/1 to 4/3 configurations. The value-add story is straightforward: ten of eleven in-place leases sit meaningfully below market per seller's underwriting. Nearly all leases are month-to-month (AtWill), allowing a buyer to mark rents to market on a rolling schedule with standard 30-day notice. Four units are tenanted through CMHA, providing reliable government-backed rent payments with built-in rent resets at re-certification. Tenants are responsible for most utilities; recent Cleveland regulatory changes allow buyer to bill back or transfer water/sewer accounts to tenants directly. Full offering memorandum with proforma analysis and rent roll available. The single vacancy at 4265 E 126th St is positioned for a quick turn. Showings by appointment only — please do not disturb tenants.

Property details

MLS #

5206133

Property type

Other

Subdivision

Parkdale

Status

Active

Days on market

81

On market date

N/A

Stories

N/A

Garage spaces

N/A

Lot size

0.1148 acres

Nearby schools

Within 10 miles · public school directory data (NCES)