Updated about 9 years ago on . Most recent reply
20% ROI in Cleveland's Up and Coming Waterloo Arts District
Fully occupied duplex in the Waterloo Arts District of Cleveland's Collinwood area. The area has vastly improved with the completion of a $5.5 million repaving and streets cape project. Ten blocks of Waterloo Road from East 152nd to East 161st streets have suddenly snapped into focus as a place to promenade with pleasure from music clubs, restaurants, bars and retail shops to galleries and studios for stained glass, printmaking and ceramics. This duplex is a 2/1 on each level, a full basement with washer and dryer. A new dimensional roof, upgraded electrical, fresh paint and hardwood floors for low maintenance. Waterloo is touted as the next Ohio City for Cleveland. Great Investment - Great Returns. Gross Rental Income $12,900.00: Vacancy & Credits ($129.00): Operating Expenses ($4,363.00): Net Operating Income (NOI) $8,408.00: Total Mortgage Payments $F/C **Cash Flow Before Taxes $8,408.00 Cash on Cash Return - Before Taxes 21.3%