19 Doors – Cleveland & Warren, OH
$1,934,329
1125 Tod Ave S, Cleveland, OH
For Sale
Multifamily
Active
Last Updated: 10/15/2025
10
Cap Rate
193,433
NOI
Details:
Cap Rate: 10%
NOI: $193,433
Highlights:
- Section 8 & Cash Tenants: Reliable, recurring income backed by government support or private pay.
- Turnkey Management Opportunity: Properties are owner-managed with potential to transition to professional local management for passive income.
- Value-Add Upside: Some rents are below market and can be increased; potential for space conversions.
- Market-Resilient Cash Flow: Section 8 tenants reduce volatility during economic downturns.
Description:
Total Doors: 19
Asking Price: $1,934,329
Cap Rate: 10%
Net Operating Income (NOI): $193,433
Gross Rent: $237,372
Expenses:
Insurance: $8,056
Taxes: $8,229
Water: $3,600
Property Management: $11,400
Repairs & Maintenance: $12,654
Documents:
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OM_-_19_Doors__Warren_and_Cleveland_.pdf
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Location
Gallery
