OH > Cleveland > L M Southern Forest Park
Cleveland, OH 44108,387 Cleveland RD
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Paige Morris

Paige Morris

+1(614) 584-8063
$ 133,333
Est. payment | /mo

3 Beds

1 Bath

1,248 SqFt

Save
$ 133,333
Est. payment | /mo
Save

3 Beds

1 Bath

1,248 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,248 sqft

Price per Sqft $106

Subdivision L M Southern Forest Park

MLS Listing ID 5134295

Style Colonial

Bedrooms 3

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,248

Year Built 1915

Annual Tax Amount $1,210

Tax Year 2024

Lot Size 3,998 Sqft

Acres 0.0918

Property Sub-Type Single Family Residence

Property Description

Looking to add high-performing, cash-flowing real estate to your portfolio in one of Ohio's most dependable rental markets? This 21-property (23-unit) portfolio across Cuyahoga County is fully tenant-occupied and generating strong returns. With properties spread across 11 zip codes, you'll gain exposure to a diverse mix of neighborhoods, rent ranges, and asset types—offering both stability and upside. Highlights: Consistent Cash Flow: All units are occupied and performing. Generating over $375,000 gross income annually. Gross Monthly Rent = $31,295. Gross Monthly Rent Per Unit = $1,360. Average Price Per Property = $133,333. Geographic Diversity: Spread across East and West Cleveland in 11 zip codes. Asset Mix: Combination of single-family and small multifamily homes—ideal for long-term appreciation and steady income. Tenant Type: 13 market-rate units and 10 subsidized (Section 8 & Eden). Upgraded Portfolio: Over $600K in cosmetic and mechanical improvements in the last two years—averaging $26K per unit. Professionally Managed: Minimal headaches, turnkey ready. Perfect for: Turnkey investors seeking immediate income from day one. Buyers wanting diversified exposure across Cleveland's rental submarkets. Portfolio builders bundling performing properties in strong cash flow areas. Interested in a breakdown of rents, expenses, and cap rates? Let's connect.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Driveway

Water Access Desc Public

Roof Type Asphalt

Private Pool No

Building

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 111-18-017

Special Listing Condition Standard

Listed by Shoshana Socher • Keller Williams Greater Metropolitan • [email protected], 216-255-7377
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(614) 584-8063

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545 Metro Pl S, Dublin, OH, 43017, USA

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387 Cleveland RD