7 unit apartment building. 100% occupied. HIGH CAP-VIDEO INCLUDED

[James Wise]

FOR SALE 8601 Garfield Blvd/4775 E 86thGarfield Heights, Ohio$284,900 Video tour along with financial analysis from Holton-Wise Co-Founder James Wise below. MUST WATCH! HIGHLIGHTS: Asking price $284,900 7 units 5 residential 2 commercial 100% occupied Current rent $4,340 per month Video tour available in the video above Seller has self managed for years Professional Property Management from Holton-Wise available 7 separate furnaces All tenants pay their own heat All tenants pay their own electric Each commercial tenant has their own hot water tank 5 residential tenants share two 40 gallon hot water tanks Hot water tanks installed in 2003,2010,2015 & 2015 Annual property taxes $8,742 Owner pays water & sewer Roof is about 20 years old 4 car garage garage roof is about 16 years old No owner financing Will be delivered to buyer point of sale violation free Rent Roll & Unit information 8601 Garfield Blvd (retail) Dog Depot Lease started 2.6.2015 Current rent $595/mo Security deposit on file $595 Furnace approximately 20 years old Hot water tank approximately 15 years old A/C approximately 20 years old Older windows 8603 Garfield Blvd (retail) Leslies Draperies Lease started 2.1.2016 Current rent $500/mo Security deposit on file $500 Furnace approximately 20 years old Hot water tank approximately 8 years old A/C approximately 16 years old Older windows 4775 E 86th #1 Lease started 3.1.2018 Current rent $650/mo Security deposit on file $650 2 beds 1 bath Furnace approximately 20 years old Hot water tank approximately 3-6 years old A/C approximately 20 years old Older windows 4775 E 86th #2 Lease started 1.5.2018 Current rent $585/mo Security deposit on file $585 1 bed 1 bath Furnace approximately 20 years old Hot water tank approximately 3-6 years old A/C approximately 20 years old New windows installed in 2013 4775 E 86th #3 Lease started 12.1.2012 Current rent $615/mo Security deposit on file $635 2 beds 1 bath Furnace approximately 20 years old Hot water tank approximately 3-6 years old A/C approximately 20 years old Older windows 4775 E 86th #4 Lease started 5.1.2017 Current rent $700/mo Security deposit on file $725 3 beds 1 bath Furnace approximately 1 year old Hot water tank approximately 3-6 years old A/C approximately 20 years old Older windows 4775 E 86th #5 Lease started 9.1.2016 Current rent $695/mo Security deposit on file $715 3 beds 1 bath Furnace approximately 3 years old Hot water tank approximately 3-6 years old A/C approximately 20 years old Older windows CLICK HERE TO MAKE AN OFFER, GET MORE INFORMATION, OR TALK WITH JAMES WISE ABOUT THIS OFFERING OVER $100 MILLION SOLD FOLLOW US ONLINE CLICK HERE IF YOU WOULD LIKE HOLTON-WISE TO SELL YOUR PROPERTY IN AN EMAIL JUST LIKE THIS ONE SHARE WITH YOUR FRIENDS CLICK HERE IF YOU WOULD LIKE TO LOWER YOUR PROPERTY INSURANCE PREMIUM Copyright © 2018 The Holton-Wise Property Group, All rights reserved.The Holton-Wise Property Group does not doubt the accuracy of any of the information contained herein. However we have not verified it and make no guarantee, warranty or representation about it. Properties listed herein may be listed by brokerages other than The Holton-Wise Property Group. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of any property. Actual results may vary from any projections, opinions, assumptions, or estimates and you should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Serving the entire Greater Cleveland, Ohio area.

Have you heard of Holton-Wise? If not, check out what we are up to 👇👇👇

2017 A YEAR IN REVIEW:

Holton-Wise has had another strong year of growth in 2017. We saw strong gains in all 3 of our major business functions (Sales, Property Management & General Contracting). Below is a breakdown of our growth since we began assisting Homeowners, Tenants, Sellers & Anyone else interested in Real Estate in the Cleveland market 5 years ago.

SALES:

• 2017 Closed Sales $48,717,029 (438 Closed Transactions)
• 2016 Closed Sales $33,046,506 (343 Closed Transactions)
• 2015 Closed Sales $7,500,539 (119 Closed Transactions)
• 2014 Closed Sales $2,261,161 (47 Closed Transactions)
• 2013 Closed Sales $241,700 (6 Closed Transactions)

PROPERTY MANAGEMENT:

• 2017 Collected Rent $3,459,624.90
• 2016 Collected Rent $2,291,445.84
• 2015 Collected Rent $946,324.01
• 2014 Collected Rent $163,491.53
• 2013 Collected Rent $17,910.00

GENERAL CONTRACTING:

• 2017 Construction Sales $1,925,765
• 2016 Construction Sales $1,403,949.66
• 2015 Construction Sales $531,175
• 2014 Construction Sales $150,969.06
• 2013 Construction Sales $23,933.20

TOTAL BUSINESS:

• 2017 Total Business $54,102,418.90
• 2016 Total Business $36,741,901.50
• 2015 Total Business $8,978,038
• 2014 Total Business $2,859,164.70
• 2013 Total Business $283,543.20

AFFILIATED BUSINESSES:

• FARMERS HOAG INSURANCE AGENCY
• 2017 Gross Commission $50,160.20 (814 Active Polices)

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