$133,333
FOR SALE16241 Glenburn Avenue
Maple Heights, Oh, 44128
MLS #5134317
Subdivision: Joseph S Van De Boes Greenhur
Building: -
3 Beds
1/- Baths
962 sqft
$ 138.60 /sqft
Looking to add high-performing, cash-flowing real estate to your portfolio in one of Ohios most dependable rental markets? This 21-property (23-unit) portfolio across Cuyahoga County is fully tenant-occupied and generating strong returns. With properties spread across 11 zip codes, youll gain exposure to a diverse mix of neighborhoods, rent ranges, and asset typesoffering both stability and upside. Highlights: Consistent Cash Flow: All units are occupied and performing. Generating over $375,000 gross income annually. Gross Monthly Rent = $31,335. Gross Monthly Rent Per Unit = $1,362. Average Price Per Property = $133,333. Geographic Diversity: Spread across East and West Cleveland in 11 zip codes. Asset Mix: Combination of single-family and small multifamily homesideal for long-term appreciation and steady income. Tenant Type: 13 market-rate units and 10 subsidized (Section 8 & Eden). Upgraded Portfolio: Over $600K in cosmetic and mechanical improvements in the last two yearsaveraging $26K per unit. Professionally Managed: Minimal headaches, turnkey ready. Perfect for: Turnkey investors seeking immediate income from day one. Buyers wanting diversified exposure across Clevelands rental submarkets. Portfolio builders bundling performing properties in strong cash flow areas. Interested in a breakdown of rents, expenses, and cap rates? Lets connect.
-
The data relating to real estate for sale on this web site comes in part from various real estate boards and MLSs across the United States.
Information is deemed reliable but not guaranteed. Copyright, all rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Listing Courtesy of: Keller Williams Greater Metropolitan
