4412 E 156th St
4412 E 156th St, Cleveland, OH 44128 | 7 Unit | 5 Property CLE Portfolio
Tal Tamir
216-870-8687
4412 E 156th St
$430,000
4412 E 156th St, Cleveland, OH 44128 | 7 Unit | 5 Property CLE Portfolio
Multifamily | Value-Add | 14.8% Proforma CAP
Rare opportunity to acquire a 5-property, 7-unit investment portfolio with strong rental upside and a mix of occupied and value-add units. This portfolio once stabilized is set up to bring in over $100,000 per year in gross income! Truly a perfect opportunity for a new or seasoned investor looking for a prime value-add opportunity. The package includes 2798 E 120th, featuring two homes on one lot, with the front unit currently rented for $1,227 (Section 8). 11301 Nelson which is a solid duplex, with the 3BD/1BA unit rented for $795 and the 2BD/1BA unit rented for $735. 4412 E 156th is a 3BD/1BA single-family home delivered vacant, ready for a quick unit turn. Rounding out the portfolio is 9423 Benham, a duplex with 3BD/1BA and 2BD/1BA units, both vacant and primed for value-add improvements. This portfolio provides a balanced mix of cash-flowing units and redevelopment potential - ideal for investors seeking scale, stability, and future upside.
Investment highlights
5-property | 7-unit portfolio
Mix of cash-flowing and value-add opportunities
$100,000+ proforma annual gross income once stabilized
Section 8 income in place
Ideal for new or seasoned investors seeking scale, stability, and upside.
Property Details:
Property Type: Multifamily
Sub Type: Single Family Rental Portfolio
Square Footage: 6,243
Units: 7
Occupancy: 43%
Pro-Forma Cap Rate: 15.51%
Pro-Forma NOI: $66,682
Price per SqFt: $69
Broker Co-Op: Yes
Class: B
Buildings: 5
Acreage: 0.426
Investment Type: Value Add
