50
See all 50 photos
$1,375,000
Est. payment /mo
1.44 Acres Lot
New
14513 Kingsford AVE Cleveland, OH 44128
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Parkhill Land & Allotment Cos
MLS Listing ID 5135037
HOA Y/N No
Year Built 1965
Annual Tax Amount $17,558
Tax Year 2024
Lot Size 1.439 Acres
Acres 1.439
Property Sub-Type Other
Property Description
Amazing investment opportunity to acquire a fully occupied residential portfolio of 14 single-family homes in a centrally located area of Cleveland. This turnkey portfolio is 100% leased and currently generates nearly $200,000 in annual gross income, offering a strong 10% cap rate at the asking price. Half of the properties are currently occupied by Section 8 voucher holders, providing consistent, government-backed rental income. Many of the homes have received updates, enhancing long-term value and tenant satisfaction. The portfolio is cash-flowing from day one with minimal landlord responsibilities, as tenants pay all utilities—including electric, gas, water, and sewer—except for one property where the owner covers water and sewer. Tenants also handle snow removal, landscaping, and trash, making this a truly low-maintenance, hassle-free investment with additional upside potential through modest rent increases upon renewal.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Present Use Residential,Single Family
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 139-07-044
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