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Key Details
Sold Price $441,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision A J Marshs
MLS Listing ID 5093337
Sold Date 03/20/25
HOA Y/N No
Year Built 1911
Annual Tax Amount $3,285
Tax Year 2023
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Other
Property Description
Turnkey 5-Unit Investment Portfolio - Fully Renovated and Section 8 Ready! This exceptional portfolio features three single-family homes and one duplex, all fully updated with new or refinished flooring, fresh paint, and upgraded kitchens and baths. Currently CMHA-primed, 1263 E 112th (4 bed, 2 bath) is already rented at $1,309/month, with the tenant covering all utilities. A RFTA is in progress for 12327 Phillips (4 bed, 1 bath), anticipated to rent for $1,400/month, tenant also paying all utilities. The remaining properties include 1005 E 130th (4/2 duplex) and 831 E 95th (4/1 single-family), with tenants covering all utilities except water at the duplex. Once fully rented through CMHA, this hands-free portfolio is projected to deliver near 20% cash-on-cash returns. Don't miss this rare, cash-flowing investment opportunity!
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Steam
Fireplace No
Exterior
Water Access Desc Public
Present Use Multi-Family,Residential
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 109-24-089
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Other
Special Listing Condition Standard
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Bought with Tal Tamir • Russell Real Estate Services