Cleveland, OH 44128,14513 Kingsford AVE
Cleveland, OH 44128,14513 Kingsford AVE
Cleveland, OH 44128,14513 Kingsford AVE
50
$1,190,000
$1,375,000
13.5%
Est.Price: ?

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1.44 Acres Lot

14513 Kingsford AVE Cleveland, OH 44128

Est. payment /mo
SOLD DATE : 10/17/2025

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Key Details

Sold Price $1,190,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Subdivision Parkhill Land & Allotment Cos

MLS Listing ID 5135037

Sold Date 10/17/25

HOA Y/N No

Year Built 1965

Annual Tax Amount $17,558

Tax Year 2024

Lot Size 1.439 Acres

Acres 1.439

Property Sub-Type Other

Property Description

Amazing investment opportunity to acquire a fully occupied residential portfolio of 14 single-family homes in a centrally located area of Cleveland. This turnkey portfolio is 100% leased and currently generates nearly $200,000 in annual gross income, offering a strong 10% cap rate at the asking price. Half of the properties are currently occupied by Section 8 voucher holders, providing consistent, government-backed rental income. Many of the homes have received updates, enhancing long-term value and tenant satisfaction. The portfolio is cash-flowing from day one with minimal landlord responsibilities, as tenants pay all utilities—including electric, gas, water, and sewer—except for one property where the owner covers water and sewer. Tenants also handle snow removal, landscaping, and trash, making this a truly low-maintenance, hassle-free investment with additional upside potential through modest rent increases upon renewal.

Location

State OH

County Cuyahoga

Interior

Heating Forced Air

Fireplace No

Exterior

Water Access Desc Public

Present Use Residential,Single Family

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 139-07-044

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Standard

Read Less


Northern Ohio Regional MLS (YES-MLS)
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687
Bought with Non-Member Non-Member • Non-Member

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Shawn Maynard

Shawn Maynard

Agent | License ID: 64_87

+1(304) 218-0936

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