1290 Forest Hills BlvdCleveland Heights, OH 44118

Property Details for 1290 Forest Hills Blvd

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of nine single-family rental properties located in desirable Cuyahoga County, Ohio, encompassing the cities of Cleveland Heights, South Euclid, and Lyndhurst. The portfolio currently comprises nine occupied units, generating over $200,000 in annual gross rental income. With the leasing of the remaining two vacant properties, the projected annual gross income will exceed $232,000. The properties are strategically situated at the following addresses: 1290 Forest Hills Blvd, Cleveland Heights; 1135 Quilliams Rd, Cleveland Heights; 1148 Oxford Rd, Cleveland Heights; 1195 Piermont Rd, South Euclid; 3977 Suffolk Rd, South Euclid; 1378 Brookline Rd, South Euclid; 1877 Maywood Rd, South Euclid; 1439 Clearview Rd, Lyndhurst; 3987 Lancaster Rd, South Euclid; 3832 Eastway Rd, South Euclid; and 4202 Bayard Rd, South Euclid. Individual monthly rents range from $1100 to $2453. All properties will be fully compliant with point-of-sale regulations upon transfer of ownership. This stabilized investment offers a compelling return on investment and significant potential for future growth. Detailed financial statements are available upon request. This is a turnkey opportunity for an investor seeking immediate cash flow and long-term appreciation in a strong rental market.

Location Insight

City

Cleveland Heights

County

Cuyahoga

State

Ohio

Latitude

41.5234

Longitude

-81.5635

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