Green Bridge Real Estate is pleased to offer the 42 unit Dynes Village Townhouses For Sale $2,100,000 or $50,000 per unit. Located in the Lee-Miles neighborhood of Cleveland, Ohio, at 4245 East 167th Street, Cleveland, OH. 44128. The Dynes Village Townhouses are an outstanding investment with the opportunity to add value (under market rents) and keep a live-in, onsite property manager. Comprised of 42 “Town Home Style”, 1,200 +/- Sq.Ft. Units, the Dynes Village Townhouses consist of all 3 Bedrooms and 1.5 Bathrooms units in 7 contiguous buildings, built in 1988 on 2 parcels totaling 3.374 Acres. Out of State Owner Directs Immediate Sale of the Dynes Village Townhouses, Priced to Sell at $2,100,000 or $50,000 Per Unit. Currently 97% Occupied (40/42) with historical strong occupancy. 2024’s Net Operating Income was $141,391 or a 6.73% cap rate at the Asking Price of $2,100,000. Projected Net Operating Income based on market rental income ($925 per unit) and previous annual expenses is $214,165 or a 10.20% cap rate. Can transfer with a live-in, onsite manager (managed property for 10+ years) for easy maintenance and transition. Landlord is responsible for paying Water and Sewer, common area / rental office Electric. Possible opportunity to turnover Water and Sewer utilities to be paid by the Tenants as each unit has its own bill/meter. This would add over $68,000 in annual net operating income. Tenant is responsible for paying Electric and Gas (Heat) Utilities. 11 of the 40 occupied units (70.27%) are subsidized with “guaranteed” rent payments provided by Federal and State Funding for assistance to low income individuals. The potential exists to operate this complex as a “market” (no-subsidy) type of property or to continue to accept Voucher based subsidies, providing a stable, consistent tenant base with “guaranteed” rent payments. Each Unit has identical floor plans; The Main Floor offers a large Kitchen, Living Area, Laundry Closet, and a Half Bathroom. Three Bedrooms and a full bath on the second floor. Each Unit has its own Forced Air Furnace, Central Air Conditioning Unit, Electric Water Tank, Attached single car Garage, Washer/Dryer Hookup and Individual Concrete Driveways. The exteriors of each building offer T1-11 Siding with Insulated Sliding Windows and Gable Roofs (approx. 15 years old) with Asphalt Shingles. An On-Site, Free-Standing Rental Office is a great management benefit, however, it could be renovated into an additional 400 +/- Sq.Ft. Studio Unit to provide additional income. Dynes Village is located two miles from Kerruish Park; A magnificent 76 Acre green space with an outdoor pool, tennis courts, playground, basketball court, baseball fields, shelter, horseshoe pits, volleyball court, community garden and fields to run and play in. Located just two miles away from the Cleveland Clinic’s main campus and Case Western University and eight miles from Downtown Cleveland, the area is highly served by the RTA Transportation. Also in close vicinity to Interstate 480, servicing multiple Shopping Centers, Dining options, Elementary Schools, Public Library, Recreation Center, and many Places of Worship. Dynes Village benefits from its location, along a residential neighborhood, surrounded by single Family Homes and other Multi-Family Units.