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This is a portfolio built for the investor who understands that the best deals are bought, not found. Ten single-family homes across three of the strongest inner-ring east-side suburbs, priced as a package at $1,840,000 against an aggregate individual-unit comp value of $2.3M to $2.4M. That is roughly $464,000 of instant equity sitting on the closing table, plus the optionality to piece the portfolio off one house at a time as leases turn. Entry and location are the play. Cash flow is the bonus. The portfolio is 7 homes in Cleveland Heights, 1 in University Heights, and 2 in Richmond Heights, all 3BR/1.5BA or 4BR/1.5BA. Most have been renovated and are occupied by long-term tenants, with 8 of 10 on leases running through mid-2026 into 2027 and 2 on month-to-month. Current gross rent is $182,100 annually after recent increases, against market rent of $215,100. That is roughly 18% organic upside as leases roll, with zero vacancy today. Location is what makes this portfolio different from a scattered-site buy. Cleveland Heights gives you Cedar-Lee, Coventry, and a school district that trades to owner-occupants at full retail. University Heights sits on the John Carroll and Cedar Center corridor. Richmond Heights benefits from Town Square redevelopment and I-271 access. These are retail-grade zip codes, which is the entire reason the sell-off strategy works. You are not trying to wholesale out of rough areas. You are unwinding into a market that actively bids for your product. The numbers: $1,840,000 ask / $184,000 per door / 6.4% current cap / 7.4% proforma cap / $117k+ current NOI / $135k+ proforma NOI / 100% occupancy / $182,100 in-place gross rent / $218,700 market rent. Point of sale has been ordered. Inspections are scheduled over the next week. Please note: No Seller Financing available.
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Tracy Marciano
Agent Phone: (330) 717-1342
Agency Title: Burgan Real Estate