Turn-Key Rental Available in South Euclid

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Turn-Key Rental Available in South Euclid

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.

Thank you.

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  • Lender · Mokena, IL · Member since 2014 · 1k+ posts · 261 votes
    8y

    Hello George,

    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.

  • New York City, NY · Member since 2018 · 6 posts · 0 votes
    8y

    Hi I'm interested. 

    Could you send me more info?

    [email protected]

  • Investor · Cornelius, NC · Member since 2017 · 114 posts · 20 votes
    8y

    Hello George

    Please send me more info at [email protected]

    Thanks

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