12700 Lenacrave, Cleveland, OH 44105

• 4 beds |
• 2 baths |
• 2,147 sqft

Property Description

***DO NOT DISTURB OR APPROACH ANY TENANTS***Excellent investment opportunity, this property is part of a seven-building multifamily portfolio (five duplexes and two triplexes) offered individually or as a complete package. Sellers reserve the right to allow for minimum market exposure before considering any offers. Current in place rents are over $12,000 across the portfolio. Properties are located across Cleveland and one in Cleveland Heights with 100% occupancy and strong in-place rent rolls, with room to increase rents to market levels. EMAIL for NDA to sign and details on the portfolio. Each property has separate gas & electric utilities, solid rental history, and a mix of long-term tenants, with subsidized and cash paying. Several units feature newer roofs, younger mechanicals, and updated electric panels and hot water heaters. Ideal for both seasoned investors seeking immediate cash flow and portfolio diversification, or local operators looking to add proven income-producing assets. The portfolio has in house management and maintenance willing to stay on for a new owner. All properties are current on rental registrations and lead-safe compliance. EMAIL for NDA and info. End buyers only, no wholesalers, contract assignments. No seller financing will be considered. ***DO NOT DISTURB OR APPROACH ANY TENANTS***

Listing Status:

Pending

Listing Office:

Keller Williams Living : 440-318-1620

Listing Agent:

Michael L Magno : 216-236-8849

MLS ID:

5171064

Interior

• Basement: FullUnfinished
• A/C: None
• Heating: Forced AirGas

Exterior

• Parking: No GarageOn Street

Construction

• Roofing: AsphaltFiberglass
• General: Vinyl Siding2

Location

• Originating MLS: NOWDD_NORM
• School District: Cleveland Municipal - 1809
• County: Cuyahoga

Lot

• Zoning: 137-23-041

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM

This listing courtesy of Michael L Magno, Keller Williams Living