Cleveland, Oh – Single Family – Rented for $700 Monthly @@@ Cash Cow
Price – BUYITNOW – $19,900
4272 E 116th St. Cleveland, Oh 44105
Single Family – 3 Bedroom / 1 Bath
Property has been COMPLETELY RENOVATED!!!
Newer Roof, Fresh Custom Designed Carpet, Updated Plumbing and Electrical, New Windows throughout (including New Glass Block Windows in the basement) , Bathroom Completely Remodelled, Fresh Paint Throughout, Furnace and Hotwater Tank Serviced and in Excellent Condition, Large Back Yard!!
Tenant is on a 1 year lease that ends April 2013 at $700 a Month
Excellent Investment!!
Tenant is responsible for ALL Utilities
Taxes only $1025.00 year
Property Management Already in place and only 10%
Ridiculous Return On Investment
FREE & CLEAR
BUYITNOW – ONLY $19,900
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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