10310 Adelaide AveCleveland, OH 44111

Property Details for 10310 Adelaide Ave

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a portfolio of ten stabilized, Class C multifamily properties totaling 25 units in Cleveland, Ohio. Located across various addresses within Cuyahoga County, these properties boast a 96% occupancy rate and offer a compelling 8.50% cap rate at an asking price of $2,350,000 ($94,000 per unit). Each unit has undergone recent renovations, including updated kitchens and bathrooms, fresh paint, and new flooring. Significant capital improvements have been made across the portfolio, ensuring long-term value and minimizing future maintenance needs. These improvements include roofs with a minimum of 15 years of remaining useful life, hot water tanks and furnaces less than 10 years old, 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 professionally managed by a company with over 75 years of combined experience managing more than 425 properties in the area, providing peace of mind for the investor. This turnkey portfolio offers a rare opportunity to acquire a well-maintained, high-performing multifamily investment in a desirable location. The seller is open to offers on the entire portfolio, individual properties, or select groups of properties. The properties are situated in the following zip codes: 44102, 44109, 44111, and 44135.

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4597

Longitude

-81.7567

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].