Turnkey rental property just south of Clark. Offered as part of a portfolio sale, 6 single-family residential properties. Each of which are or have been approved by Section 8 housing. The portfolio, if rented at market rents can gross over $7,000/mo. and is listed for $651,000, approximately 9.1% Cap Rate at list price. This well-maintained 3 bed 1.5 bath home has an estimated market rent of $1,150/mo. This property is currently being rented via CMHA for $840/mo. on a month-to-month lease with the owner paying for water/sewer - there is much room for rent to be increased and the owner was planning on filing for a rent increase with CMHA at the beginning of next year. Other than general maintenance and upkeep, updates include the electrical panel and plumbing throughout. Conveniently located near freeways, shopping, Cleveland Clinic, and just minutes to the airport and Downtown Cleveland. This home along with the portfolio is self-managed by the owner and family. MLS #s 5005577, 4507649, 4507651, 4507652, 4507653, 4507654 are all included in this portfolio. Call your agent to inquire about details, other properties in the portfolio, and the attached pro-forma analyses. Showings are allowed only once an offer has been accepted due to tenant-occupancy.

The manager has listed the unit size as 1260 square feet.