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SINGLE_FAMILY - Cleveland, OH
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 throu...
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.
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