PROPERTIES FOR SALE
We are not the biggest but we are the best in providing rehabbed, rented, and cash-flowing investment properties from day 1 of your purchase into your portfolio.
$64,900
3893 E 57th St, Cleveland, OH 44105
$15,738 annual income CAP of 24%
Large 4-unit building with 2 bedrooms in each unit. Updated units with newer carpet, paint, breaker boxes, newer plumbing, and vinyl windows. Each unit is set up nearly the same with separate utilities, 2 bedrooms, a living room, a bathroom, and a kitchen. Currently filling units with section 8 tenants to provide steady reliable monthly income. Very easy to rent area. Don’t miss this great money-maker!
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ANNUAL RENT
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ANNUAL TAXES
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ANNUAL MANAGEMENT
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ANNUAL INSURANCE
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ANNUAL WATER/SEWER
$22,800
$2182
$2280
$800
$1800
$34,500
3990 E 58th St, Cleveland, OH 44105
$5,936 annual cash on cash return 18%
This brick 2-unit building located in the Collinwood area has many updates including a newer rubber roof, plumbing breaker panels, wiring, and recent interior updates. The up unit features a living room, dining room large kitchen, and 2 to 3 bedrooms, down is a converted storefront into a 2-bedroom apartment. The up unit is currently rented for $450 and the down unit for $375, both units are below market rents and could be increased. Great deal for income-producing property with plenty of equity. Comp are $40k and up. This is a great start for your 2016 portfolio.
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ANNUAL RENT
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ANNUAL TAXES
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ANNUAL MANAGEMENT
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ANNUAL INSURANCE
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ANNUAL WATER/SEWER
$9,600
$1004
$960
$700
$1000
$25,000
780 London Rd, Cleveland, OH 44110
$6,625 annual CAP of 26.5%
Great income and equity are built-in on this well-kept 2-family home. The house has updated vinyl windows throughout, a newer roof, updated breaker boxes, newer water tanks, and best of all two long-term tenants with a very good payment history. Each unit brings in below-market rents of $400 per month. The market for this area with 2-bedroom units of this size ranges in the $500-$550 range. There’s plenty of room to increase your ROI and plenty of equity built into this property to really turn this into a huge cash flow machine. Don’t miss this great money-maker!
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ANNUAL RENT
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ANNUAL TAXES
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ANNUAL MANAGEMENT
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ANNUAL INSURANCE
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ANNUAL WATER/SEWER
$9,900
$685
$990
$700
$900
COMPARABLE HOMES
911 Royal Rd
$47,900
Sold: 6/11/15
1987 Evangeline Rd
$56,000
Sold: 6/22/15
957 Reyburn Rd
$47,000
Sold: 8/10/15
1835 Reyburn Rd $49,000
Sold: 9/11/15
$34,900
8224 Bancroft Ave, Cleveland, OH 44105
$5,936 annual cash on cash return 17%
Beautiful all-brick home with lots of updates. Located right on the Cleveland/Garfield Heights borders. Newer roof, windows, Furnace, glass block, refinished hardwood floors, new carpet and freshly painted throughout. There are 3 bedrooms 1 bath living room and dining room. Currently placing Section 8 tenant. Rent should be in the $750 range.
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ANNUAL RENT
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ANNUAL TAXES
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ANNUAL MANAGEMENT
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ANNUAL INSURANCE
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ANNUAL WATER/SEWER
$9,000
$760
$900
$600
$1000