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About This Home

This 0-bedroom, 0-bathroom single family at 4898 E 95th Street in Garfield Heights, OH is listed for $1,125,000. Built in 1926, on a 0.11 acres lot.

Agent Description

PORTFOLIO SALE - 11 single-family rentals across Cleveland and the inner-ring suburbs, offered as one transaction at $1,125,000 ($102K/door). Currently producing $135,216 in annual gross rent (10 of 11 units occupied) with significant proforma upside as below-market rents roll.

The portfolio includes: 1236 E 173rd St, 1115 Villaview Rd, and 18324 Landseer Rd (44119); 16010 S Lotus Dr (44128); 4898 E 95th St, 4838 Rockwood Rd, and 10014 Parkview Ave (44125); 14202 Rexwood Ave and 4265 E 126th St (44105); 3497 Boynton Rd and 3281 Berkeley Rd (Cleveland Heights).

Unit mix ranges from 2/1 to 4/3 configurations. The value-add story is straightforward: ten of eleven in-place leases sit meaningfully below market per seller's underwriting. Nearly all leases are month-to-month (AtWill), allowing a buyer to mark rents to market on a rolling schedule with standard 30-day notice.

Four units are tenanted through CMHA, providing reliable government-backed rent payments with built-in rent resets at re-certification. Tenants are responsible for most utilities; recent Cleveland regulatory changes allow buyer to bill back or transfer water/sewer accounts to tenants directly. Full offering memorandum with proforma analysis and rent roll available. The single vacancy at 4265 E 126th St is positioned for a quick turn. Showings by appointment only - please do not disturb tenants.

Key Features

  • Built in 1926
  • 0.11 acre lot

Property Details

1926

Monthly Cost Estimate

$6,017/mo

20% down · 6.5% · 30 years

Principal$814
Interest$4,875
Insurance$328

Estimates only. Actual payments may vary.

Location

4898 E 95th Street

Garfield Heights, OH 44125

Parkdale

Property Details

Heating

Forced Air

Questions & Answers

This 0-bedroom, 0-bathroom single family at 4898 E 95th Street is listed at $1,125,000. The estimated monthly payment is $4,875 based on 20% down at 6.5% interest.

Key features include: Built in 1926, 0.11 acre lot.

This property is listed by Michael Orlando and can be reached at 2169561884 or mjorlando1994@gmail.com.

MO

Michael Orlando

Agent at Key Realty

(216) 956-1884

Listed by Key Realty

MLS# 5206133· Source: listhub· Updated 32 days ago

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4898 E 95th Street, Garfield Heights, OH 44125

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