Description
INVESTORS - great opportunity to purchase a cash-flowing portfolio of 8 condos in the Miles Landing community in the desirable rental market of Warrensville Heights, OH! Please note, the properties MUST be sold together! Not only is it currently at an almost 9% CAP as-is and fully occupied (minus one just-vacated unit), but there is also upside in rents including 3 of the units that just applied for Section 8 rent increase and were approved for $900 (2-bed units). The portfolio consists of a total of 18-beds and 13-baths spanning across all 8 condos with two of the condos having 3-beds and the rest as 2-beds and varying bathroom counts. Additional parcel numbers include: 763-18-388, 763-17-487, 763-17-402, 763-17-467, 763-17-429, 763-18-355, 763-17-372. Again - reiterating these must all be sold TOGETHER! Really great addition to an investor's Northeast Ohio portfolio!! See rent roll and additional information in supplements.
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2BEDS
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24.95ACRES
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2BATHS
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01/2 BATHS
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1,116SQFT
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$54$/SQFT
Listing information © 2023 YES-MLS.
Description
INVESTORS - great opportunity to purchase a cash-flowing portfolio of 8 condos in the Miles Landing community in the desirable rental market of Warrensville Heights, OH! Please note, the properties MUST be sold together! Not only is it currently at an almost 9% CAP as-is and fully occupied (minus one just-vacated unit), but there is also upside in rents including 3 of the units that just applied for Section 8 rent increase and were approved for $900 (2-bed units). The portfolio consists of a total of 18-beds and 13-baths spanning across all 8 condos with two of the condos having 3-beds and the rest as 2-beds and varying bathroom counts. Additional parcel numbers include: 763-18-388, 763-17-487, 763-17-402, 763-17-467, 763-17-429, 763-18-355, 763-17-372. Again - reiterating these must all be sold TOGETHER! Really great addition to an investor's Northeast Ohio portfolio!! See rent roll and additional information in supplements.
Listing information © 2023 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Cleveland Home Specialists | Keller Williams Elevate are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-01-28T21:08:05.877.