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TURNKEY | 100% Occupied | $67,800 Gross 2 Multifamily Properties Offered at $530,376 CAD in Cleveland, OH
Investment Highlights
- 8 Occupied Units Across Two Properties — Acquire immediate Cleveland multifamily scale without taking on a major stabilization project.
- 6-Unit + Duplex Combination — Portfolio consists of a six-unit property at 3421 E 119th St and duplex at 3590 E 108th St.
- $67,800 Annual Gross Income — Existing operations provide day-one rental income across the portfolio
Executive Summary
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.
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.
Property Facts
| Price | $530,376 CAD | Number of Properties | 2 |
| Price / SF | $44.48 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 13.90% | Total Building Size | 11,925 SF |
| Sale Type | Investment | Total Land Area | 0.20 AC |
| Status | Active |
| Price | $530,376 CAD |
| Price / SF | $44.48 CAD / SF |
| Cap Rate | 13.90% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,925 SF |
| Total Land Area | 0.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3421 E 119th St, Cleveland, OH 44120 | Multifamily | 8,763 SF | 1917 | - |
| 3590 E 108th St, Cleveland, OH 44105 | Multifamily | 3,162 SF | 1910 | - |
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TURNKEY | 100% Occupied | $67,800 Gross
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