1290 Forest Hills Blvd Cleveland Heights, OH 44118
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1290 Forest Hills Blvd
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of nine single-family rental properties located in desirable Cuyahoga County, Ohio, encompassing the cities of Cleveland Heights, South Euclid, and Lyndhurst. The portfolio currently comprises nine occupied units, generating over $200,000 in annual gross rental income. With the leasing of the remaining two vacant properties, the projected annual gross income will exceed $232,000. The properties are strategically situated at the following addresses: 1290 Forest Hills Blvd, Cleveland Heights; 1135 Quilliams Rd, Cleveland Heights; 1148 Oxford Rd, Cleveland Heights; 1195 Piermont Rd, South Euclid; 3977 Suffolk Rd, South Euclid; 1378 Brookline Rd, South Euclid; 1877 Maywood Rd, South Euclid; 1439 Clearview Rd, Lyndhurst; 3987 Lancaster Rd, South Euclid; 3832 Eastway Rd, South Euclid; and 4202 Bayard Rd, South Euclid. Individual monthly rents range from $1100 to $2453. All properties will be fully compliant with point-of-sale regulations upon transfer of ownership. This stabilized investment offers a compelling return on investment and significant potential for future growth. Detailed financial statements are available upon request. This is a turnkey opportunity for an investor seeking immediate cash flow and long-term appreciation in a strong rental market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5635
- Latitude
- 41.5234
