Property Description

Rare opportunity to acquire a stabilized, 65-unit condo portfolio within a 268-unit community in the high-demand submarket of Euclid, Ohio offering both immediate yield and long-term upside. Comprising entirely of two-bedroom, one-bath townhome style units, this portfolio sits at 98% occupancy and is operating at a strong 10+% cap rate on actuals based on an asking price of $3.4M, with a clear trajectory to exceed double-digit returns through strategic rent increases on renewals. Currently grossing nearly $60,000 per month, the portfolio has a proforma monthly rent of over $66,000 once minor rent bumps are put into place. The majority of units were renovated between 2023 and 2025, minimizing near-term capital needs and enhancing tenant appeal. As the majority owner in the community, the new owner will gain substantial influence over community decisions, positioning them to drive value through strategic enhancements and governance. This is a rare chance for sophisticated investors to secure scale, control, and performance in a tight rental market. Serious inquiries only.

Property Features

Local Schools