3799 E 54th ST Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44105
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision C G Barkwill Trustees
MLS Listing ID 5162695
HOA Y/N No
Year Built 1910
Annual Tax Amount $5,665
Tax Year 2024
Lot Size 0.406 Acres
Acres 0.406
Property Sub-Type Other
Property Description
Investment Portfolio Opportunity – 4-Property Package Deal
Outstanding opportunity to acquire a 4-property Cleveland investment portfolio offering a balance of immediate income, strong upside, and motivated seller terms. This package includes a mix of single-family and multi-family assets, all located in proven rental submarkets with solid Section 8 and EDEN program performance.
The seller has proactively completed inspections on all four properties, providing transparency and confidence for investors. The list price already accounts for full renovation of 2221 E 76th and updates across the other three properties — positioning the portfolio to deliver 8–12% cap rates at both 75% and 90% of HUD FMR rent levels.
Property Highlights:
3799 E 54th St, Cleveland OH 44105
Parcel 132-10-110 | (2) 2-Bedroom Units
Fully occupied at $1,350/month — above 75% market rent. Turnkey income with limited deferred maintenance.
5806 Fleet Ave, Cleveland OH 44105
Parcel 132-12-008 | (4) Units – 3BD, 2BD, 1BD + Office
Mix-use building with residential and office space. Strong rental potential and value-add options through cosmetic and rent-rate improvements.
2221-2223 E 76th St, Cleveland OH 44103
Parcel 118-26-068 | (1) Single-Family 4BD + (1) Duplex (2 × 2BD units)
2223 E 76th last occupied end of 2024 at $1,500/month (EDEN rents).
2221 E 76th duplex requires full rehab — included in list price assumptions.
Package Summary:
(4) Total Properties | (8+) Units | Mixed Residential Use
Pro Forma Cap Rates 8–12% based on 75–90% FMR rents
This is a rare chance to secure a turnkey + value-add hybrid portfolio in one transaction. Perfect for investors seeking immediate returns with long-term upside in stable Cleveland rental markets.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 132-10-110
Special Listing Condition Standard