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Updated over 9 years ago on .

User Stats

74
Posts
19
Votes
Matthew Fritz
  • Property Manager
  • Cleveland, OH
19
Votes |
74
Posts

True Cleveland Turnkey! 19% ROI CoC! Immediately Cash Flowing!

Matthew Fritz
  • Property Manager
  • Cleveland, OH
Posted

*****1560 E. 196TH STREET. EUCLID, OHIO ***** 19% Cash on Cash

Yr. 1 Projection - 19% ROI

  • Standard Assumptions
    • Annual Management
    • No Vacancy - Currently (2yr. Lease Assigned)
    • Maintenance Exposure
    • Annual Insurance Premium
    • Annual Municipal Occupancy Permit
    • Annual Property Tax

Huge 4 bedroom, 1 full bath Colonial, that has been completely renovated. The property is approximately 1,643 square feet of living space on a lot size of 5,800 square feet. The property starts off with a beautiful covered front porch leading to the large living room with a decorative wood burning fireplace and mantel. Updated kitchen with eat-in area. Formal dining room with built-in china cabinets and wooden sitting bench. Finish 3rd floor bedroom. Unfinished full basement. Shed in the back for storage. Car port. This Colonial is located in the beautiful city of Euclid.

Euclid has many family-friendly amenities such as 254 total acres of playgrounds/recreation, including 18 playgrounds, 31 tennis courts (10 lighted), 9 basketball courts, 19 ball diamonds (6 lighted), and 7 soccer fields.

Memorial Park features 55 acres of lighted sports area (sand volleyball, baseball, soccer, tennis courts), with a picnic area, playground, pool, and enclosed ice arena. 5 community swimming pools and an 18 hole regulation course on 126 acres; 6,274 yards, par 70; 39 sand traps, 6 lakes, 2 practice greens, 1 lighted driving range; gas carts; Pro Shop, snack bar and pavilion; full service lounge.

http://www.cityofeuclid.com.

Less than 10 minutes away from the highly acclaimed Cleveland Clinic (our area's largest employer), University Hospitals and Case Western Reserve.

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*****1560 E. 196TH STREET. EUCLID, OHIO ***** 19% Cash on Cash

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Disclaimer: The performance information shown are projections. These are not actual results. These projections are based upon various assumptions and representative properties. No representation is being made that a performance record similar to the projected returns will or is likely to be achieved.

There are no implied or expressed warranties on any investment information or materials in this post. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors' original capital, and Smartland does not guarantee the accuracy of any projections herein.

Offering