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$1,190,000
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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.
Full Property Details
Full Property Details for 14513 Kingsford Ave
General
- Sold For: $1,190,000
- Taxes: $17,558 (2024)
- Status: Closed
- Type: Commercial
- Source: 505
- MLS ID: 5135037
- Added to Site: 93 day(s) ago
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Parkhill Land & Allotment Cos
- Driving Directions: Various locations in Cleveland.
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Current Bldg. Use: Residential, Single Family
- Year Built: 1965
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 1.439
- Lot Size: 1.439
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $17,558
- Tax Year: 2024
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 61 SHOVLK 0164 ALL
- Property ID: 139-07-044
Listed by Russell Real Estate Services, Tal Tamir
Sold by Non-Member, Non-Member Non-Member
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Schools
Schools serving 14513 Kingsford Ave
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Robert H Jamison School 4092 East 146th Street, Cleveland, OH 44128 | PK-8 | 0.3 mi |
Charles Dickens School 13013 Corlett Ave, Cleveland, OH 44105 | PK-8 | 0.6 mi |
Andrew J Rickoff 3500 East 147th Street, Cleveland, OH 44120 | PK-8 | 0.7 mi |
Adlai Stevenson School 18300 Woda Avenue, Cleveland, OH 44122 | PK-8 | 1.5 mi |
Nathan Hale School 3588 Martin Luther King Junior Drive, Cleveland, OH 44105 | PK-8 | 1.6 mi |
Miles Park School 4090 East 93rd Street, Cleveland, OH 44105 | PK-8 | 2.2 mi |
Harvey Rice Elementary School 2730 East 116th, Cleveland, OH 44120 | PK-8 | 2.6 mi |
Sunbeam 11731 Mount Overlook Avenue, Cleveland, OH 44120 | PK-8 | 2.8 mi |
Anton Grdina 2955 East 71st Street, Cleveland, OH 44104 | PK-8 | 3.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 14513 Kingsford Ave
Date
Details
Price
Change
Source
10/17/2025
Sold
$1,190,000
-13.45%
MLS
10/16/2025
Listed
$1,375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
14513 Kingsford Avenue, Loveland, OH 44128 (MLS# 5135037) is a Commercial property that was sold at $1,190,000 on October 17, 2025. Want to learn more about 14513 Kingsford Avenue? Do you have questions about finding other Commercial real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

