FOR SALE
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Annual Rent $22,800
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Annual taxes 2182
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Annual Management 2280
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Annual insurance 800
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Annual water/sewer 1800
3893 E.57th
Cleveland, Ohio 44105
Only $64,900
$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, living room, bathroom and 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!
3990 E58th
Cleveland, Ohio 44105
Only $34,500
$5,936 annual cash on cash return 18 %
Great income and equity built in on this well-kept 2 family home. The house has updated vinyl windows throughout, 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. Market for this area with 2 bedroom units of this size range 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 $9,600
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Annual taxes 1004
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Annual Management
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960
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Annual insurance 700
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Annual water/sewer 1000
Annual Rent $9,900
Annual taxes 685
Annual Management 990
Annual insurance 700
Annual water/sewer 900
$6,625 annual CAP of 26.5 %
780 London Rd.
Cleveland, Ohio 44110
Only $25,000
This brick 2 unit building located in the Collinwood area has many updates including 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.
Comps:
1957 Reyburn $47,000 8/10/15
911 Royal $47,900 6/11/15
1835 Reyburn $49,000 9/11/15
987 Evangline $56,000 6/22/15
8224 Bancroft
Cleveland, Ohio 44105
Only $34,900
$5,936 annual cash on cash return 17 %
Beautiful all brick home with lots of updates. Located right on the Cleveland/ Garfield Heights bordere. Newer roof, windows, Furnace, glass block, refinshed harwood 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 $9,000
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Annual taxes 760
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Annual Management 900
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Annual insurance 600
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Annual water/sewer 1000
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