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.