This exceptional 22 investment property package offers an incredible opportunity to capitalize on Cleveland's resurgence. Nestled in the vibrant Near West Side, this portfolio boasts a diverse mix of well-maintained homes, providing stable income and significant upside potential.
Why Cleveland?
* Affordable Investment: Cleveland offers competitive property values compared to other major cities, making it an attractive market for investors.
* Resurgent City: Cleveland is experiencing a revitalization with a thriving arts scene, world-class museums, and a growing culinary scene.
* Strong Rental Demand: A growing population and job market drive consistent demand for quality rental housing.
* Diverse Property Mix: This package includes a variety of property types to suit your investment strategy.
Key Features:
* 35 Total Units: A substantial portfolio to generate significant rental income.
* Prime Location: Situated in the desirable Near West Side, close to amenities and transportation.
* Well-Maintained Properties: The units are in good condition, minimizing maintenance costs.
* Stable Tenancy: Many long-term tenants ensure reliable cash flow.
* Upside Potential: Opportunities for value-add renovations and increased rental rates.
CAP RATE - 8.55%
Current NOI with anticipated 2024 pay in 2025 property taxes - $236,441.52
Multiple units have extremely low rents, with increased rents, and a management agency, the Cap Rate has a potential of 11.32%.
After Repair Value - $3,854,030
Don't miss this chance to invest in Cleveland's exciting future. Contact me today to learn more about this exceptional investment opportunity.
Portfolio consists of 14 Single Family homes, 5 Duplexes, 1 Triplex, and 2 Fourplexes.
Do not disturb tenants, do not walk properties. Inspections upon accepted offer only!
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