Excellent investment opportunity, this property is part of a seven-building multifamily portfolio (five duplexes and two triplexes) offered individually or as a complete package. Sellers reserve the right to allow for minimum market exposure before considering any offers. Current in place rents are over $12,000 across the portfolio. Properties are located across Cleveland and one in Cleveland Heights with 100% occupancy and strong in-place rent rolls, with room to increase rents to market levels. EMAIL for NDA to sign and details on the portfolio. Each property has separate gas & electric utilities, solid rental history, and a mix of long-term tenants, with subsidized and cash paying. Several units feature newer roofs, younger mechanicals, and updated electric panels and hot water heaters. Ideal for both seasoned investors seeking immediate cash flow and portfolio diversification, or local operators looking to add proven income-producing assets. The portfolio has in house management and maintenance willing to stay on for a new owner. All properties are current (or in process of renewal) on rental registrations and lead-safe compliance. EMAIL for NDA and info. End buyers only, no wholesalers, contract assignments. No seller financing will be considered.
For sale
$150,000
817 Helmsdale Rd, Cleveland Heights, OH 44112
5beds
2,576sqft
Est.:
Triplex, Multi Family
Built in 1926
-- sqft lot
$-- Zestimate®
$58/sqft
$-- HOA
What's special
Updated electric panels
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