Lake Apartment Sale Pending near Lake Erie - Cuyahoga County
***DO NOT DISTURB OR APPROACH ANY TENANTS***Exceptional investment opportunity - 7-property, 16-unit multifamily portfolio located throughout Cleveland and Cleveland Heights. The package includes 5 duplexes and 2 triplexes, all 100% occupied, with in house management and maintenance willing to stat on for a new owner. Current combined gross rent is approximately $12,100 per month, with market potential of $14,000-$15,000 as leases renew and rents are brought to market. Tenant mix includes both market-rate and subsidized residents, offering steady income and guaranteed rent stability. All properties feature separate utilities, solid rental histories, and a mix of recent updates including roofs, siding, and mechanicals. This portfolio provides a balanced blend of stabilized assets and light value-add opportunities across improving Cleveland submarkets. Available individually or as a full package, offering immediate scale, diversification, and long-term upside potential. Addresses include:732 E 127th St, 479 E 126th St, 13615 Earlwood Rd, 17834 Dillewood Rd, 1081 E 171st St, 817 Helmsdale Rd, and 12700 Lenacrave Ave. Contact listing agent for detailed rent rolls, financials. Must sign NDA. ***AGENTS READ ALL REMARKS FOR INSTRUCTIONS****DO NOT DISTURB OR APPROACH ANY TENANTS***Property Details
- Beds: 0
- Baths: 0.0
- Year Built: 1910
- Location: Lake Erie - Cuyahoga County
- Acres: 1.000
- County: Cuyahoga County
- Heat/AC: Natural Gas, Forced Air
- Roof:
- Property Taxes: $12,870
- MLS #: 5171130
Location
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Contact Information:
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Listing Agent: Michael L Magno, KW Living, 216-236-8849, 440-318-1620 Listing Site, Listing Status: Pending
Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 6943994 |
| Viewed: | 2 times |
| Added: | Nov 26, 2025 |
| Updated on: | Nov 26, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
