4425 E 154th ST new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44128
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,008 sqft
Price per Sqft $132
Subdivision S H Kleinman Realty Cos Miles
MLS Listing ID 5134329
Style Ranch
Bedrooms 3
Full Baths 1
Year Built 1960
Annual Tax Amount $983
Tax Year 2024
Lot Size 5,000 Sqft
Property Sub-Type Single Family Residence
Property Description
Looking to add high-performing, cash-flowing real estate to your portfolio in one of Ohio's most dependable rental markets? This 21-property (23-unit) portfolio across Cuyahoga County is fully tenant-occupied and generating strong returns. With properties spread across 11 zip codes, you'll gain exposure to a diverse mix of neighborhoods, rent ranges, and asset types—offering both stability and upside. Highlights: Consistent Cash Flow: All units are occupied and performing. Generating over $375,000 gross income annually. Gross Monthly Rent = $31,335. Gross Monthly Rent Per Unit = $1,362. Average Price Per Property = $133,333. Geographic Diversity: Spread across East and West Cleveland in 11 zip codes. Asset Mix: Combination of single-family and small multifamily homes—ideal for long-term appreciation and steady income. Tenant Type: 13 market-rate units and 10 subsidized (Section 8 & Eden). Upgraded Portfolio: Over $600K in cosmetic and mechanical improvements in the last two years—averaging $26K per unit. Professionally Managed: Minimal headaches, turnkey ready. Perfect for: Turnkey investors seeking immediate income from day one. Buyers wanting diversified exposure across Cleveland's rental submarkets. Portfolio builders bundling performing properties in strong cash flow areas. Interested in a breakdown of rents, expenses, and cap rates? Let's connect.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling Window Unit(s)
Exterior
Parking Features Driveway,Garage
Garage Spaces 2.0
Garage Description 2.0
Roof Type Asphalt
Building
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard