2% Rule Property in Nice Surburb of Cleveland, OH; Good Cash Flow

[Jeff M.]

Three Family Property in Cleveland Heights

Cleveland Heights is a desirable 'inner ring' suburb of Cleveland 

This property is south of Mayfield Rd, putting it in the particularly desirable part of Cleveland Heights

Fully occupied with $1875/month coming in in rent (includes a water/sewer reimbursement)

There is rental upside of at least $75/month; or, if the properties were fully renovated, much more

Units are partially renovated and look nice; Tenants are high quality and seem to get along well

We are selling because the property is owned in a partnership and the partners are going in different directions

Separately metered for electricity and gas; water/sewer is in the landlord's name; could potentially be sub-metered 

The property is within walking distance of Cleveland Heights High School which translates into good tenant demand