12711 Pkwy Dr Garfield Heights, OH 44105

This exceptional investment opportunity presents a stabilized, 12-unit multifamily portfolio located in Garfield Heights, Ohio, encompassing nine properties: three duplexes and six single-family homes. The portfolio boasts a current NOI of $99,169, translating to a 10.45% cap rate. Pro forma NOI is projected at $112,404, resulting in an 11.84% pro forma cap rate. All twelve units are currently occupied, generating a gross monthly income of $13,238. The properties are classified as Class B and offer significant value-add potential. Many units have undergone recent updates, including four or five with complete interior renovations. A substantial number of tenants hold Section 8 vouchers, ensuring stable and consistent rental income. Several units are currently below market rent, presenting an opportunity to increase profitability through lease adjustments. This turnkey portfolio is an ideal acquisition for investors seeking a high-return, low-maintenance investment with immediate cash flow. The asking price for this exceptional opportunity is $949,000. The property is situated at 12711 N Parkway Dr, Garfield Heights, OH 44105, in Cuyahoga County.