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$ 315,000
Est. payment /mo
Active
5716 Hosmer AVE Cleveland, OH 44105
3,659 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Dippel & Pitras Resub
MLS Listing ID 5250100
HOA Y/N No
Year Built 1900
Annual Tax Amount $3,976
Tax Year 2025
Lot Size 3,659 Sqft
Acres 0.084
Property Sub-Type Other
Property Description
Incredible investor package featuring 3 fully occupied single-family homes in the highly cash-flowing 44105 ZIP code of Cleveland, OH! This turnkey portfolio is priced at $315,000.00 and delivers immediate, reliable cash flow from day one with a 0.00% vacancy rate. Boasting a massive 13.13% Capitalization Rate and a low 6.60x Gross Rent Multiplier (GRM), this strategic Cleveland package is optimized for maximum return on investment.
The portfolio generates a robust Gross Annual Rent of $47,724.00. Overhead is exceptionally low with a streamlined Operating Expense Ratio (OER) of 13.36%, resulting in a strong Net Operating Income (NOI) of $41,347.20. Added stability includes one property backed by guaranteed, reliable CMHA subsidized housing funds, while the remaining homes feature verified net lease structures where tenants absorb 100% of standard utility outlays. This is a rare, low-maintenance asset package perfect for scaling your rental footprint in a strong rental market—add these high-yielding Cleveland homes to your portfolio today!
The portfolio generates a robust Gross Annual Rent of $47,724.00. Overhead is exceptionally low with a streamlined Operating Expense Ratio (OER) of 13.36%, resulting in a strong Net Operating Income (NOI) of $41,347.20. Added stability includes one property backed by guaranteed, reliable CMHA subsidized housing funds, while the remaining homes feature verified net lease structures where tenants absorb 100% of standard utility outlays. This is a rare, low-maintenance asset package perfect for scaling your rental footprint in a strong rental market—add these high-yielding Cleveland homes to your portfolio today!
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached, Garage
Water Access Desc Public
Present Use Single Family
Building
Sewer Public Sewer
Water Public
Level or Stories One
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 132-12-094
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by Amanda Turney • Russell Real Estate Services • amandahelpsrealestate@gmail.com, 440-444-6343
NEARBY SCHOOL & BUSINESS
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