TURNKEY | 100% Occupied | $67,800 Gross Multi-Family FOR SALE


Cleveland, OH - Mount Pleasant
$385,000 USD
732-757-6393
, Cleveland, OH for Sale
$385,000 USD
Multi-Family - FOR SALE
1/11
null | 13.9% Cap Rate

TURNKEY | 100% Occupied | $67,800 Gross
Cleveland, OH
Mount Pleasant


HIGHLIGHTS

  • 8 Occupied Units Across Two Properties — Acquire immediate Cleveland multifamily scale without taking on a major stabilization project.
  • $67,800 Annual Gross Income — Existing operations provide day-one rental income across the portfolio
  • 6-Unit + Duplex Combination — Portfolio consists of a six-unit property at 3421 E 119th St and duplex at 3590 E 108th St.

OVERVIEW

Acquire immediate scale and cash flow with this turnkey 8-unit Cleveland multifamily portfolio consisting of two occupied properties: a 6-unit building at 3421 E 119th St and a duplex at 3590 E 108th St. The portfolio currently generates approximately $67,800 in annual gross rental income with approximately $53,141 in stated NOI based on the provided operating figures. Both properties offer an investor the opportunity to acquire existing rental income from day one without the lengthy process of assembling and stabilizing multiple individual acquisitions. The portfolio combines the efficiency and scale of a 6-unit multifamily asset with the flexibility of a separately located duplex, providing diversification across two Cleveland properties. Existing operations create a strong cash-flow foundation, while future rent optimization offers additional potential upside over the hold period. This offering is well suited for investors looking to expand an existing Cleveland portfolio, establish an immediate presence in the market, or acquire a turnkey multifamily package with existing tenants and established income.

ASK ABOUT THIS PROPERTY

Nikhil VishakantaWe InvestMore Info
732-757-6393

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Nikhil VishakantaWe InvestMore Info
732-757-6393

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