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Property Description

Extremely rare opportunity to acquire a fully cash-flowing, stabilized 39-unit portfolio across 13 properties in the Cleveland market. Located in strong submarkets known for steady demand and appreciation.

Currently ~90% occupied, with four units in lease-up to subsidized tenants—expected to be fully leased by closing. Includes 26 Section 8 tenants providing reliable, government-backed income.

All gas/electric paid by tenants; owner covers only water/sewer. Professional management in place for seamless transition.
Once fully occupied, projected 10%+ CAP, with upside to 13%+ CAP / 20%+ cash-on-cash through rent alignment.

Turnkey Cleveland portfolio delivering immediate income and long-term growth.

Features
: Forced Air
Address Map
OH
Cuyahoga
Cleveland
44104
114th
2883
Street
W82° 23' 40.9''
N41° 28' 49.7''
E
Property Details
Active
Russell Real Estate Services
Tal Tamir
40,580 Sqft
2018001908
20489
128-29-006
: Public Sewer
: Public
$22,640
23/10/2025 02:54:30
No
No
No
No
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 Rating
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Type:

2883 E 114th Street, Cleveland, Ohio 44104

Commercial Sale For Sale

1.55 Sqft
$2,250,000
Listing ID #5165403
Basic Details
Property Type : Commercial Sale
Property Sub Type : Other
Listing Type : For Sale
Listing ID : 5165403
Price : $2,250,000
Year Built : 1926
Lot Area : 1.55 Sqft
Current Use : Multi-family,residential,single Family
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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