Single Family Investment Opportunity
1227 E 113th St, Cleveland, OH 44108
400 E 123 St, Cleveland, OH 44108
529 E 124 St, Cleveland, OH 44108
470 E 127 St, Cleveland, OH 44108
12614 Locke Ave
Price
$1,692,000
37-Unit Single-Family and Small Multifamily Portfolio – Cleveland, OH
Exceptional opportunity to acquire a 37-unit portfolio of single-family homes and small multifamily properties (1-4 units) in Cleveland, OH. This off-market package offers a balanced mix of rental properties, with many currently occupied and generating steady cash flow. Each property is positioned in established neighborhoods, appealing to investors seeking a high-yielding portfolio in a cash-flowing market.
Portfolio Highlights:
Total Units: 37 (Mix of single-family and 1-4 unit properties)
Asking Price: $1,692,000 ( 7% cap rate)
As-is Value: $2,205,000
After Repair Value (ARV): $2,770,000
Total Monthly Rent: $16,450
Total Annual Rent (Gross Income): $197,400
Average Price per Property: $67,712
Average Price per Unit: $47,581
Occupancy: Combination of privately rented, CMHA-assisted, and some properties occupied by family members.
Financial Metrics:
Net Operating Income (NOI): $118,440 (estimate)
Cap Rate: 7%
Property List and Individual Prices:
1227 E 113th St, Cleveland, OH 44108 - $123,500
529 E 124 St, Cleveland, OH 44108 - $75,500
400 E 123 St, Cleveland, OH 44108 - $53,500
1452 Clermont Rd, Cleveland, OH 44110 - $53,500
470 E 127 St, Cleveland, OH 44108 - $63,500
12614 Locke Ave, Cleveland, OH 44108 - $71,500
375 E 123 St, Cleveland, OH 44108 - $59,500
11710 Hazeldell Rd, Cleveland, OH 44108 - $71,500
12421 Maple Ave, Cleveland, OH 44108 - $53,500
19651 Locherie Ave, Euclid, OH 44119 - $99,500
404 E 123 St, Cleveland, OH 44108 - $53,500
1723 Noble Rd, East Cleveland, OH 44112 - $75,500
12421 Vashti Ave, Cleveland, OH 44108 - $53,500
675 E 127 St, Cleveland, OH 44108 - $59,500
535 E 123 St, Cleveland, OH 44108 - $75,500
10317 Pierpont Ave, Cleveland, OH 44108 - $59,500
435 E 114 St, Cleveland, OH 44108 - $67,500
12417 Maple Ave, Cleveland, OH 44108 - $67,500
476 E 127 St, Cleveland, OH 44108 - $59,500
480 E 127 St, Cleveland, OH 44108 - $67,500
491 Eddy Rd, Cleveland, OH 44108 - $67,500
545 E 123 St, Cleveland, OH 44108 - $67,500
9805 Pierpont Ave, Cleveland, OH 44108 - $91,500
544 E 123 St, Cleveland, OH 44108 - $126,000
519 E 123rd St, Cleveland, OH 44108 - $67,500
12522 Gruss Ave, Cleveland, OH 44108 - $67,500
Seller Story:The seller is looking to retire and enjoy warmer weather, seeking a fresh start due to life changes. With a desire to “open his golden parachute,” this sale is his opportunity to move forward and step away from the day-to-day of property management. This presents a unique chance for investors to acquire a fully-assembled portfolio with significant income potential in a desirable market.
TEAM PROMISELAND Marketing Disclaimer:This listing is exclusively marketed by TEAM PROMISELAND and is intended for verified investors within our network. Any marketing or distribution of this listing by third parties without direct authorization from TEAM PROMISELAND is strictly prohibited. Please note that all prospective buyers must be verified members of the TEAM PROMISELAND JV partnership program.
Submission Terms:Please submit all offers directly to investments@promiselandrealtyllc.com. Serious inquiries only, and Proof of Funds (POF) may be required for further details.
Portfolio Map
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top
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