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PROPERTY OVERVIEW

Fully leased property in close proximity to the new Amazon Fulfillment Center & the casino and racetrack entertainment complex. 
One of the best zip codes in Cleveland for appreciation!
 
Beautiful brick property with partially finished basement & ballpark fields behind the house.
Offered Turn-Key and will be sold POS Compliant. 
 

RENOVATION HIGHLIGHTS

  • Will be sold City POS Compliant
  • Various garage improvements
  • Exterior concrete repairs
  • Maintenance improvements throughout interior
  • TBD whatever the sale POS Inspection requires. (No open issues on record.)

PROPERTY FEATURES

  • Beautiful brick construction in excellent condition
  • 2 car detached garage
  • No rear neighbors / ball parks
  • Partially finished basement w/ bar
  • Spacious living areas

 

INVESTMENT HIGHLIGHTS

  • Buy with Only 20% down
  • Fully leased w/ subsidized assistance
  • 7.9% Cap Rate
  • Likely double-digit cash-on-cash ROI for financed buyers
  • Explosive appreciating area due to Amazon & casino complexes

Projected Year 1 Core Financials

Monthly Rent: $925

Gross Annual Income: $11,100

Property Tax: $2,885

Property Mgmt: $1,100

Insurance: $400

 

Projected NOI: $6,715

 

Cap Rate: 7.9%

 

Direct Price: $85,000

Price w/ Agent: $89,000

 20% Down: $17,000

 

Cash on Cash: 16.77%

(Based on Core Metrics - For Estimation Purposes Only)

 

Disclaimer: The estimated analysis are presented in good faith and in no way represent a commitment on the part of the Seller(s), or any affiliate thereof, to provide the returns indicated herein. Please be sure to understand the risks associated with investing in real estate and make appropriate assumptions; while 1-year (3rd party) warranties are typically offered as a mitigator for certain expense risks, they should not be a replacement for normal rental property assumptions. Any promotions or other marketing statements must be included in the transactional paperwork associated with the property in order to be valid. Please be sure to conduct your own due diligence and seek your own professional advice.

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