16705 Hillsboro Road
Cleveland, OH 44112

Listed at $1,490,000

Details

  • MLS# 5185425
  • Multi Unit - Multiple
  • Status Active
  • 3 Bedrooms
  • 1 full Bathrooms
  • 0 Square Feet
  • 1.000 acres
  • Built in 0
  • Cleveland Municipal - 1809 Local Schools
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Description

Rare opportunity to acquire a geographically concentrated Cleveland east side portfolio consisting of 7 multi-family and 5 single-family properties totaling 20 units. This assembled package provides immediate scale, operational efficiency, and income potential that is difficult to replicate through individual acquisitions. Current vacancies have been fully renovated and are actively marketed for rent, allowing new ownership to step directly into lease-up without construction timelines, contractor coordination, or renovation risk. These units are positioned to convert directly into income. Market rents support approximately $23,200 per month...read more or $278,400 in potential annual income once stabilized.Located steps from Clevelands largest employment and education hubs, the portfolio benefits from strong rental fundamentals, proven voucher reliability, and public and private reinvestment occurring throughout the corridor. The geographic density of the properties allows for efficient management and multiple investment strategies.Full address list, rent roll, and financials available upon request.

Features

  • None
  • Gas
  • 1.0 Story
  • $0 / year Taxes
  • Public
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 2:14:02 AM EST) or MLS NOW (last updated Sat 03/14/2026 12:17:38 AM EST). Real estate listings held by brokerage firms other than Progressive Urban Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Cooling: None
  • Days on Site: 36
  • Exterior: Vinyl Siding
  • Heating: Gas
  • Lot Size: 1.00 Acres
  • Parcel#: 117-14-030
  • Parking: Off Street
  • Roof Type: Asphalt
  • Sewer: Public Sewer
  • Stories: 1.0
  • Taxes: $0 / year
  • Water: Public