FOR SALE

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  • Annual Rent                     $22,800

  • Annual taxes                           2182

  • Annual Management            2280

  • Annual insurance                     800

  • 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

  • Annual taxes                           1004

  • Annual Management            

  •  960

  • Annual insurance                     700

  • Annual water/sewer             1000

Untitled
Untitled
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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

  • Annual taxes                            760

  • Annual Management              900

  • Annual insurance                     600

  • Annual water/sewer             1000

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