Real Estate Agent · Westlake, OH · Member since 2016 · 121 posts · 31 votes
HIGH YIELD OFF-MARKET turn-key rental available as an assignable contract. Wholesaler is a licensed broker in Ohio.
Check out this great rental in the greater Cleveland area of South Euclid!
Yes it's only a 1 bedroom, but at $800/month rent and the month-to-month tenant paying ALL utilities, the yield is fantastic - 23% cash-on-cash return.
This property is a short drive to both Amazon fulfillment centers being built in Euclid & North Randall.
Here are more specs:
Taxes: $2609/year
Newer roof on house and garage
Newer electrical
Newer hot water tank
Newer furnace
Newer windows
2 car garage in excellent condition
No POS inspection as the property is occupied
Seller is a contractor so he did the work professionally
Tenant has been in place for a couple of years
Cash only
3/4 full basement and crawl space
Let me know if you are interested and I will gladly provide you with pictures and any more details you would like.
I may be able to market your properties to my large client base. We offer acquisition and rehab lines of credit with as little as 10% down payment, and we will fund 95% of rehab with max loan 75% of ARV. Perfect product for flippers. Let me know if you are interested.