This 12-unit multifamily property offers a strong value-add opportunity in a proven rental submarket with consistent demand for renovated units. The asset features an all 2-bedroom / 1-bath unit mix, a highly desirable layout that supports long-term tenant stability and broad renter appeal.
The property is currently operating below its full income potential, presenting a clear path for investors to drive value through interior upgrades, operational improvements, and professional management. A phased renovation strategy allows for upside while maintaining occupancy and cash flow during the repositioning process.
Located in a well-established Cleveland Heights rental corridor, the asset benefits from solid fundamentals, strong tenant demand, and favorable long-term market dynamics. Upon stabilization, the property supports increased cash flow and meaningful forced appreciation, making it an ideal acquisition for investors seeking both near-term upside and durable long-term performance.