Triplex in Cleveland, OH. 13% CoC. $1700/month 100% Occupied

[Federico Gutierrez]

Presenting another three unit multi-family on Bosworth! This well maintained income generating machine brings in $1700/month and is fully occupied, tenants are long term. Top floor has one bedroom and bathroom. Middle and Bottom both have three bedrooms and one bathroom. All appliances will STAY. Separately metered electricity and gas. Middle and Bottom units have Central A/C. One newer furnace and hot water tank installed. Basement is partially finished with an additional half bathroom. Glass block windows through out basement. Detached double garage and back porch to enjoy these summer days. Has been well maintained by owners.

Assuming 4.5% interest, 30 year mortgage & a 25% down payment.

• Down payment $ 31,250.00
• Up Front costs $ 3,000.00
• Estimated Yearly Rents $ 20,400.00
• Estimated Yearly Expenses $ 10,200.00
• Yearly Debt service $ 5,700.21
• Net cash flow after expenses & debt service $4,499.79

CASH ON CASH RETURN 13.1%

Contact @Federico Gutierrez to set up your free tour of the available real estate in the greater Cleveland, Ohio area. Don't sleep on this one, it will be sold quickly.

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