3843 Brookside Boulevard

Turnkey rental property just west of W. 130th. Offered as part of a portfolio sale, 6 single-family residential properties. Each of which are or have been approved by Section 8 housing. The portfolio, if rented at market rents can gross over $7,000/mo. and is listed for $651,000, approximately 9.1% Cap Rate at list price. This well-maintained 2 bed 1 bath home has an estimated market rent of $1,050/mo. This property is currently being rented via CMHA for $850/mo. on a month-to-month lease with the owner paying for water/sewer - there is much room for rent to be increased and the owner was planning on filing for a rent increase with CMHA at the beginning of next year. Windows have been recently updated - very easy to maintain. Conveniently located near freeways, shopping, Cleveland Clinic, and just minutes to the airport and Downtown Cleveland. This home along with the portfolio is self-managed by the owner and family. MLS #s 5005577, 4507649, 4507651, 4507652, 4507653, 4507654 are all included in this portfolio. Call your agent to inquire about details, other properties in the portfolio, and the attached pro-forma analyses. Showings are allowed only once an offer has been accepted due to tenant-occupancy.