17812 East Park Drive

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17812 East Park Drive

Cleveland, OH 44119
Asking Price
Contact for price
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily asset available for purchase in Cleveland Ohio
  • Property functions as a duplex within a rental portfolio
  • Asset located at 17812 East Park Drive in 44119
  • Site offers direct proximity to local parks and lakes
  • Residential investment opportunity in the Cleveland metropolitan area

What's Special

This multifamily asset is currently for sale, providing a strategic entry point for investors targeting the Cleveland single-family rental market. Located at 17812 East Park Drive, the property functions as a duplex situated near the local park and the waterfront. Cleveland maintains a diverse economic landscape, supported by prominent industries in healthcare and manufacturing, making it a consistent area for residential rental demand. The property layout and proximity to regional amenities support its utility as a stable long-term hold for those looking to expand a residential portfolio in this established Ohio market. Investors evaluating this opportunity will find a structure positioned in a neighborhood that balances access to community green space with the infrastructure of the broader metro area. The property presents clear potential for consistent occupancy, given the current demand for reliable rental housing in the region. Buyers should assess the site's utility against their specific investment criteria for multifamily holdings within the 44119 ZIP code.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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