14 Property Portfolio | Cleveland SFRs Multi-Family FOR SALE


Cleveland, OH - Broadway-Slavic Village
$1,375,000 USD
440-526-9400
, Cleveland, OH for Sale
$1,375,000 USD
Multi-Family - FOR SALE
1/86
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14 Property Portfolio | Cleveland SFRs
Cleveland, OH
Broadway-Slavic Village


HIGHLIGHTS

  • Fully occupied portfolio of 14 single-family homes
  • 100% leased - delivering immediate, stable cash flow
  • 10% cap rate – nearly $200,000 in annual gross income
  • Half of the portfolio is leased to Section 8 voucher holders
  • Many homes have received capital improvements
  • Tenants cover all utilities and property upkeep

OVERVIEW

Amazing investment opportunity to acquire a fully occupied residential portfolio of 14 single-family homes in a centrally located area of Cleveland. This turnkey portfolio is 100% leased and currently generates nearly $200,000 in annual gross income, offering a strong 10% cap rate at the asking price. Half of the properties are currently occupied by Section 8 voucher holders, providing consistent, government-backed rental income. Many of the homes have received updates, enhancing long-term value and tenant satisfaction. The portfolio is cash-flowing from day one with minimal landlord responsibilities, as tenants pay all utilities—including electric, gas, water, and sewer—except for one property where the owner covers water and sewer. Tenants also handle snow removal, landscaping, and trash, making this a truly low-maintenance, hassle-free investment with additional upside potential through modest rent increases upon renewal.

ASK ABOUT THIS PROPERTY

Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

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Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.