3030 S Moreland Boulevard

Cleveland, OH 44120

Introducing an incredible investment opportunity—12 fully occupied units spread across two adjacent 6-unit properties just south of Shaker Square offered at an attractive $55,000 per unit! These properties offer individual furnaces and hot water tanks for each unit, allowing tenants to cover their own electric and gas, while the owner only covers water and sewer. With some mechanical replacements and minor cosmetic updates already completed, a new owner can step in and take advantage of further cosmetic upgrades to boost rents significantly. With the option to transition to Section 8 housing, even higher returns can be achieved. Currently offering over an 8% in-place cap rate, this opportunity comes with upside potential, making it a fantastic addition to any real estate portfolio. Plus, in-suite laundry adds convenience for tenants, making these units even more desirable!

Listing courtesy of Tal Tamir of Russell Real Estate Services



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