12711 N Parkway DR new Save Request In-Person Tour Request Virtual Tour
Garfield Heights,OH 44105
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
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
Waterfront No
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