Triplex FOR SALE - Great Rental Area/Location

[Antonio Biasiotta]

Investor ready!

Awesome triplex in great location!

Will be made Point of sale compliant!

Best part about this property is its location. Walking distance to the hip and popular Coventry Village, where there is something for everyone. Also very close to the top hospitals in the Greater Cleveland area, Cleveland Clinic and University Hospitals. ALSO within a ten minute drive are three major Universities, John Carroll (Graduate ) , Case Western Reserve, and Notre Dame. Legacy Village and The Beachwood Mall very close by while also having easy access to highways and 15 minutes from downtown.

Owner is selling the property (and another triplex a few blocks away) because of age and retirement. Properties have never been an issue for him. Always full, low turnover, good tenants, and hardly any maintenance. Owner pays for water/sewer, rest of the utilities are on the tenants.

100% Occupied

Below gives you an idea of what the property would produce with 50% of the income going towards expenses.

Asking price $109,000.00

Rent - $1,750.00

Need financing? We have that covered for you. We have several lenders we can set you up with.

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

Down payment $27,250.00

Up Front costs $2,000.00

Estimated Yearly Rents $21,000.00

Estimated Yearly Expenses $10,500.00

Yearly Debt service $4,970.58

Net cash flow after expenses & debt service $5,529.42

CASH ON CASH RETURN 18.9%