11224 Continental Ave. Cleveland, Ohio 44104
Property has been completely renovated and is currently occupied!!
2 Family – Downstairs units have 2 bedrooms and 1 bath – Upstairs Unit has 3 bd/ 1 bath
New Updated Kitchens & Bathrooms, Electric Panel box upgrades with all new wiring nin basement, Newly Installed CPVC Plumbing, Fresh Paint and Carpet, Good hot water tanks & Furnaces, New Drain lines, Excellent Tenants
EXCELLENT INVESTMENT
Both tenants are on 1 year leases – the downstairs unit is rented at $450 a month and the upstairs unit is rented at $550 a month – TOTAL MONTHLY INCOME $1000
Full basement and Attic with Washer/ Dryer connections
PROPERTY SOLD IN 2007 for $89,999
Taxes only $730 and property management fee is 10%. Tenants are responsible for all utilities.
BUY IT NOW and start collecting within days
BUY IT NOW PRICE only $29,900
PAYMENT DETAILS
The payment process is as follows, earnest money in the amount of $7,500 must be sent through bank wire within 24 hrs of the closing of the auction. You will then be provided a contract/ assignment agreement and balance is due within 3 days. Closing cost will be $420. (There is an additional $500 if you want title insurance)
There is NO financing. Property is sold as-is.
Please make sure you forward all contact information including Full name & address for contract/ deed.
Property is being sold FREE & CLEAR
ADDITIONAL INFORMATION
Local property management is available and already in place. Management fees are only 10%. Property has great CASH FLOW with excellent tenants. Leases transfer upon purchase of property. Property management will listen to your concerns as well as tenants. Other things done by property management are as follows:
Collect monthly rents and deposit/forward in a timely fashion
Handle tenant calls/issues and act accordingly
Thoroughly screen prospective tenants
Relieve owner of tenant complaints, repairs, vacancies
Property management fee is only 10%
