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.