Listed By
Agency Name: Russell Real Estate Services
Agency Contact: amandahelpsrealestate@gmail.com, 440-444-6343
Shown By
Agent Name: Dominic Fonte and Associates
Agent Phone: (330) 418-1535
Agency Title: Cutler Real Estate
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Property Description
Incredible investor package featuring 3 fully occupied single-family homes in the highly cash-flowing 44105 ZIP code of Cleveland, OH! This turnkey portfolio is priced at $315,000.00 and delivers immediate, reliable cash flow from day one with a 0.00% vacancy rate. Boasting a massive 13.13% Capitalization Rate and a low 6.60x Gross Rent Multiplier (GRM), this strategic Cleveland package is optimized for maximum return on investment. The portfolio generates a robust Gross Annual Rent of $47,724.00. Overhead is exceptionally low with a streamlined Operating Expense Ratio (OER) of 13.36%, resulting in a strong Net Operating Income (NOI) of $41,347.20. Added stability includes one property backed by guaranteed, reliable CMHA subsidized housing funds, while the remaining homes feature verified net lease structures where tenants absorb 100% of standard utility outlays. This is a rare, low-maintenance asset package perfect for scaling your rental footprint in a strong rental market-add these high-yielding Cleveland homes to your portfolio today!
Property Features
Property Type: Commercial - Business
Basement: Yes
Basement: Unfinished
Days on Market: 5
Heating: Forced Air
Lot Size: 0.08 Acres
Stories: 1.0
Taxes: $3,976 / year
Year Built: 1900
Feature Descriptions
Parcel#: 132-12-094
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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5716 Hosmer Avenue | MLS# 5250100
This commercial property located at 5716 Hosmer Avenue, Cleveland, OH 44105 is currently listed for sale with an asking price of $315,000. Hosmer Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.dominicfonte.com today.