21 SFH Rental Portfolio for sale in Garfield and Maple Height, OH

[Marc Ramsay]

I have a client with 21 rehabbed rental houses in Garfield Heights and Maple Heights (Cleveland Ohio suburb) for sale for $1,386,000 ($66,000 per house). There used to be 23 houses but he sold 2 to the tenants for $89,900 and $97,000.

These are all 3 & 4 bedroom houses except for one 2 bdr. Occupancy is 17/21 (81%) and seller is willing to find tenants for vacant houses prior to sale. Average rents are $850 (actual total $17,690/mth at 100% occupancy), tenant pays all utilities. Taxes are $46K annually on the portfolio.

I know this investor quite well and he is very particular about his houses and his rehabs. These are nice, well maintained homes in good rental areas. I purchased a portfolio from him in October in Akron and am very happy with the deal.

Let me know if you are interested and I will put together whatever additional information you need to make a decision.

Regards,

Marc