Are you looking for the perfect real estate investment opportunity? Then look no further, SVN | SFRhub Advisors presents the best of the best, our featured single-family residential portfolios and Build-for-Rent Portfolios For Sale, all residing in the hottest real estate markets across the nation, providing the maximum ROI possible.
Make sure to check out each single-family rental investment portfolio or build-for-rent investment portfolio to learn more about the demographics, property, location and financial overview. Each of these single-family rental portfolios is an opportunity of a lifetime, so don’t miss out!
- Market rates indicate current rents can be pushed 16%
- Healthy mix of home type between SFRs, a Duplex, and Triplexes
- Close proximity to Cleveland’s Health-Tech Corridor
- High stabilized Y-1 cap rate of 11.11%
- Located in school districts containing only top-rated schools
- Opportunity to lower expenses with a blanket insurance policy
- Low asking price per square foot of $51
- Solid workforce housing for surrounding businesses experiencing high job growth
You can find extremely high cap rates with the opportunity to acquire immediate cash flow at a current 95% occupancy rate within this package of 20 unit SFR (Single-Family Rental) investment portfolio. This great value-add deal provides an investor with the chance to raise portfolio rents nearly 16% to market rates and lower insurance expenses by enacting a blanket insurance policy. Consisting of 1, 2-story duplex, 3, 3-story triplexes, and 9, 2-story single-family detached homes, this package offers a variety of floorplans and unit styles. There is an average of 1,281sf of living space allotted per unit, with the majority having 2 or 3 bedrooms each. The properties are all built in the early to mid-1900s, with an average vintage of 1935. Each individual unit has its own garage space, whether it be an attached or detached garage. One triplex underwent a remodel in 2018 and the duplex was remodeled in 2019, reducing expected capital expenditures for the new owner in the foreseeable future. Located in close physical proximity, the management of these homes is more efficient than your typical scattered SFR portfolios. Cuyahoga County is home to all of the addresses, split between cities South Euclid and Cleveland Heights, just east of Cleveland. The homes offer a great place to live for families looking to rent, as all are located in the top-rated school districts, rating above an 8, according to GreatSchools.org scoring system. Cleveland’s Health-Tech Corridor is home to huge investments and advances in the healthcare and bioscience industry. This creates the ideal place for high tech companies, while the Cleveland metro real estate market is booming around these businesses. Homes in this portfolio range from 4.5 miles to 7.5 distance from this epicenter of high job growth in the area, providing convenient supply to the increasing demand for worker’s housing.
Go to SFRhub.com to learn more about this incredible single-family rental portfolio for sale.
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Victor S. Voinovich
SVN | First Place Commercial Realty LLC
Contact Jeff Cline at SVN | SFRhub Advisors
SVN | SFRhub Advisors
7310 N.16th Street
Phoenix, AZ 85020