5127 Joseph StMaple Heights, OH 44137

Property Details for 5127 Joseph St

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional 14-unit single-family rental portfolio presents a compelling investment opportunity in Cuyahoga County, Ohio. Located within a two-mile radius in Maple Heights and Garfield Heights, this Class C property offers significant management efficiencies. Currently boasting 100% occupancy, the portfolio generates a strong NOI of $134,707, representing an 8.37% cap rate. The asking price is $1,610,000, or $115,000 per unit. Below-market rents provide immediate value-add potential through lease-up and property upgrades. The portfolio benefits from its proximity to major attractions such as Topgolf and JACK Entertainment, and a large population base within a three-mile radius, with an average household income exceeding $62,000. Detailed financial statements and property addresses are available upon request. This portfolio offers a rare opportunity to acquire a well-performing, easily managed multifamily asset with substantial upside potential in a desirable location. The properties are situated at various addresses in Maple Heights and Garfield Heights, Ohio, all within Cuyahoga County and zip codes 44137 and 44125. This turnkey investment is ideal for experienced investors seeking strong cash flow and appreciation potential.

Location Insight

City

Maple Heights

County

Cuyahoga

State

Ohio

Latitude

41.421

Longitude

-81.5531

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