$949,000
12711 N Parkway DR Garfield Heights, OH 44105
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$949,000
Est. payment /mo
1.16 Acres Lot
Pending
12711 N Parkway DR Garfield Heights, OH 44105
UPDATED:
11/26/2024 03:56 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Subdivision Birchdale Ave Ne
MLS Listing ID 5084899
HOA Y/N No
Year Built 1926
Annual Tax Amount $8,822
Tax Year 2023
Lot Size 1.164 Acres
Acres 1.164
Property Description
Investor's Dream in Cleveland, OH! This turnkey, cash-flowing portfolio includes nine properties spanning 12 units?three duplexes and six single-family homes?with a double-digit cap rate and nearly 20% cash-on-cash return. All tenant-occupied, these properties generate strong, stable cash flow, with most tenants holding Section 8 vouchers at excellent rent rates. Some units are still under market rent, offering value-add potential by re-leasing at market rate or to voucher tenants. Many of the properties have received updates, including four or five with full interior renovations. Don?t miss this rare opportunity for a hassle-free, high-return investment!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Present Use Multi-Family,Residential
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 546-31-003
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687
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