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4898 E 95th Street, Garfield Heights, OH 44125 | MLS ID 5206133 - Hardcastle Realty
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$1,125,000

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PORTFOLIO SALE ? 11 single-family rentals across Cleveland and the inner-ring suburbs, offered as one transaction at $1,125,000 ($102K/door). Currently producing $135,216 in annual gross rent (10 of 11 units occupied) with significant proforma upside as below-market rents roll. The portfolio includes: 1236 E 173rd St, 1115 Villaview Rd, and 18324 Landseer Rd (44119); 16010 S Lotus Dr (44128); 4898 E 95th St, 4838 Rockwood Rd, and 10014 Parkview Ave (44125); 14202 Rexwood Ave and 4265 E 126th St (44105); 3497 Boynton Rd and 3281 Berkeley Rd (Cleveland Heights). Unit mix ranges from 2/1 to 4/3 configurations. The value-add story is straightforward: ten of eleven in-place leases sit meaningfully below market per seller's underwriting. Nearly all leases are month-to-month (AtWill), allowing a buyer to mark rents to market on a rolling schedule with standard 30-day notice. Four units are tenanted through CMHA, providing reliable government-backed rent payments with built-in rent resets at re-certification. Tenants are responsible for most utilities; recent Cleveland regulatory changes allow buyer to bill back or transfer water/sewer accounts to tenants directly. Full offering memorandum with proforma analysis and rent roll available. The single vacancy at 4265 E 126th St is positioned for a quick turn. Showings by appointment only ? please do not disturb tenants.

Information
Address:
 <map>
4898 E 95th Street
Garfield Heights, OH 44125
Subdivision:  Parkdale
Area/School Dist:  Garfield Heights
MLS ID:  5206133
Status:  Active



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Features
Taxes: $3,481 / year
Lot Size: 0.11 Acres
Heating: Forced Air
Year Built: 1926
Water: Public
Sewer: Public Sewer
Parcel#: 541-17-116


School Information
School District: Garfield Heights City


Mortgage Information


Agency/Agent Information
Shown By:
  Agency Name: Hardcastle Realty
  Agency Phone:

Listed By
   Key Realty
  Agency Phone: 877-593-7589

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