London Rd Cleveland, OH..UNDER CONTR... for sale in Cleveland, OH

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London Rd Cleveland, OH..UNDER CONTRACT...Fully Rehabbed Duplex Rented for $1,200/Mo...Huge 15.6% Net Returns!!...Great Waterloo/Colinwood Neighborhood
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Location: London Rd Cleveland, OH
Cleveland Income Properties is the True One Stop Shop for all your Investing Needs….

We offer quality, Real Turn-Key Investment Properties as well as the following Investment Specialists to assist you on your Real Estate Investment Journey:

• Specialists who can work with you to Maximize Your Investment Potential!
• In-Place Property Management
• Retirement Account Specialists (Buy this Property in your Retirement Account!)
• Creative Financing Partners
• Insurance Specialists....and much more!

Contact Us Today for Details



Property Amenities/Work Completed

This property has been fully rehabbed. Amenities include:

• Brand New Architectural Roof
• Freshly Painted Exterior
• Freshly Painted Interior
• Brand New Carpet Throughout
• Brand New Plumbing
• Brand New Hot Water Tanks
• Brand New Furnaces
• Remodeled Kitchen
• Remodeled Bathroom
• Private Driveway

Rental Information

Rents @ $575 a month Lower/$625 a month Upper (Extra Finished Attic Space) to Brand New Tenants on One-Year Leases. These Tenants will pay a Security Deposit equal to one month's rent at move-in. These deposits will be credited to the New Owner at closing. The Current Property Manager who places the Tenants will stay on and manage this property for the New Owner, ensuring a smooth transition after the sale.

Monthly Expenses

Property Taxes….$95.50
Sewer/User Fee…$30.00
Lawn…Tenant Responsible
Gas/Electric…Tenant Responsible
Snow Removal…Tenant Responsible
Property Management… $100.00

Total Monthly Expenses: $355.50

Income/ROI Information

Total Monthly Rental Income: $1,200.00
Total Monthly Expenses: $ 355.50
Positive Monthly Cash Flow: $ 844.50

Return on Investment: 15.6%.... (Based on Sale Price of $64,900)

Price: $64,900.00
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All information in this site is deemed reliable but is not guaranteed and is subject to change

  • Price: $64,900

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