3 Family Already Rented @ $1175 month – HUGE CASH FLOW – CHA CHING!!
3615 E 118th St., Cleveland, Ohio 44105
Property has been Completely Renovated and is Fully Occupied!!
3 Family – All units have 2 bedrooms and 1 bath
New Roof, New Siding, New Updated Electric, New Plumbing, Fresh Paint, Updated Kitchen & Bathrooms in All Units, Good Hot Water Tanks & Furnaces – All serviced and ready for winter!!
EXCELLENT INVESTMENT
All 3 tenants are on 1 year leases, Upstairs & Downstairs Units are Rented at $450 and the 3rd Floor Unit is Rented at $275 a month
Full Basement with Washer & Dryer connections
PROPERTY IS IN EXCELLENT CONDITION
Taxes only $540 a half and property management fee is 10%. Tenants are responsible for all utilities.
BUY IT NOW!!!!
BUY IT NOW PRICE only $29,900
PAYMENT DETAILS
The payment processs 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 folows:
Collect monthly rents and deposit/forward in a timely fassion
Handle tenant calls/issues and act accordingly
Thoroughly screen prospective tenants
Relieve owner of tenant complaints, repairs, vacancies
Property management fee is only 10%
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