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Three Bedroom Townhouse (Condo) - Mi... for sale in Cleveland, OH

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Three Bedroom Townhouse (Condo) - Miles Landing, Warrensville Heights
Main Photo
Location: Warrensville Heights
REDUCED TO $33,500 - CASH ONLY - 2 REMAINING

IMPORTANT LOCAL UPDATE - New Amazon fulfilment Center is less than one mile away and is NOW OPEN. It has brought 2,000 brand new, full time jobs to the local area (map in image collection) and it will have an impact on the local real estate market for years to come.

We have a consistent supply of these ever popular investment properties, but only a limited number of three bedroom units and these are normally priced at $38,000. This level of pricing enables a portfolio to be build quickly and for a relatively small amount of money.

The community of 350 properties is located in Warrensville Heights and close to a junction of two major highways. Most tenants are CMHA, being Section 8, or similar local programs.

The attached images are ofa furnished property that was staged for advertising purposes only. The properties are sold (and leased) unfurnished and so are unlikely to resemble the internally staged properties.

BULK BUYERS - NOTE: Incentives are available for the purchase of five or more properties on this community in a single transaction.

Rental estimate $775 / month (varies $750 - $800)** (Latest rents much higher)**


Gross Annual Rent $9300

Property Management $ 900


Estimated Property Tax $ 800 (varies $700 - $900)


Estimated HOA* $2,496


Net Operating Income (NOI) $5,104


ABOUT 20/20 REAL ESTATE

We are specialist Developers of distressed real estate assets in NE Ohio. As well as supplying portfolio solutions to HNWI, REIT's and portfolio managers, we help individual investors realise their own real estate goals. All of our properties are supplied fully rehabbed and code compliant with a view to mitigating short and mid-term maintenance costs.

Contact us today for more details about this property and others like it.

Disclaimer
No part of this communication should be taken as an interpretation or guidance of any local, city, state or international law nor, is it intended to provide accounting or tax advice. Whilst every attempt has been made to provide true and factual information the Company cannot be responsible for third party representations. Any and all financial illustrations made in this communication or on any linked webpage or document are made in good faith and show current, known information. Costs, fees and charges may change in the future and other variable and/or unforeseen costs may occur. Nothing in this communication nor any linked webpage or document should be construed as anything other than indicative information and is not part of any inducement or contractual arrangement between any parties. There are no implied or expressed warranties on any investment information or materials in this email. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors’ original capital, and we do not guarantee the accuracyof any projections herein.



Information
Pricing
Price: $38,000.00
Gross Annual Rent: $9,300
Management (10%): $900
Est Tax: $800
Est Insurance / HOA: $2,496
NOI: $5,104
Property Location
23984 Banbury Circle
Warrensville Heights, OH 44128
View Map
Features
Bedrooms: 3
Bathrooms: 1.5
Parking Spaces: Public
Year Built: 1963
Subdivision: Warrensville Heights
Floors in Bldg: 2
Square Footage: 1260
Tenanted: YES
Tenant Type: CMHA
Updated: 2017/2018
Building Amenities
Guest Parking
childrens play area
Photo Gallery
All information in this site is deemed reliable but is not guaranteed and is subject to change


  • Price: $38,000
  • Bedrooms: 3
  • Bathrooms: 1
  • Square Feet: 1,260

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Fraudsters advertise a real estate property usually at a considerable discount. This allows the fraudster to receive as many replies or inquiries as possible. The fraudster goest to great lengths to make this property look as legitimate as possible and might include pictures, floor plans, etc. To make sure you express an interest in the property the fraudster will ask you to wire money for a deposit, verify funds, or other legitimate sounding reasons.