12109 Emery AveCleveland, OH 44135

Property Details for 12109 Emery Ave

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of ten fully occupied, turnkey single-family rental homes located in various desirable neighborhoods throughout Cleveland, Ohio. Each property has undergone recent renovations, exceeding typical standards. Key improvements include roofs with a minimum 15-year remaining lifespan (or replaced), hot water tanks and furnaces under 10 years old (or replaced), updated electrical panels compliant with current code, and vinyl window replacements where necessary. Exterior paint and siding have also been addressed as needed. The properties are strategically located across Cuyahoga County, with addresses including 12109 Emery Ave (44135), 1528 W 102nd St (44102), 2704 Hood Ave (44109), 3008 Ruby Ave (44109), 3148 W 43rd St (44109), 3201 W 94th St (44102), 3267 W 82nd St (44102), 3446 W 118th St (44111), 4023 Valley Rd (44109), and 7402 Neville Ave (44102). The portfolio boasts a 7.70% cap rate and an asking price of $1,685,000, or $168,500 per unit. Currently managed by a highly experienced firm with over 75 years of combined experience and a portfolio exceeding 425 properties in the area, this offering provides a seamless transition for the new owner. The seller is open to offers on the entire portfolio, individual properties, or select groups of properties. This presents a rare opportunity to acquire a well-maintained, high-performing rental portfolio in a growing market.

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4439

Longitude

-81.7726

FAQs

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