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James Wise#3 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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26,412
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There must be MORE to Out of State Investing than SIMPLE Turnkey

James Wise#3 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Posted Jun 19 2018, 20:17
FOR SALE
3234 Euclid Heights Blvd.Cleveland Heights, OhioBANK APPROVED PRICE: $81,000
This duplex is in a high quality neighborhood in Cleveland Heights. Current seller needs to liquidate immediately. As such this property is priced WELL BELOW neighboring comps. Some two family homes in this neighborhood go for as high as $200k.WE HAVE NEGOTIATED A BANK APPROVED SHORT SALE PRICE OF $81,000.This is an AS-IS take it or leave it offer. No further negotiations will be permitted. Offers less than $81,000 will not be responded to. The mortgage payoff is $104,969.
HIGHLIGHTS:
  • 2 units
  • Down is a 3 bed 1 bath unit
  • Down is vacant and available for showings
  • Down unit needs minor cosmetic work to be rent ready
  • Down unit market rent is $800/mo
  • Up unit is a two floor 5 bed 1 bath unit
  • Up unit is being left vacant for easy showings
  • Up unit is rented for $900/mo
  • Total market rent; $1,700/mo
  • Tenants pays gas & electric
  • Owner pays water & sewer
  • Roof is older
  • Older furnaces approx 20 years old (each unit has it's own furnace)
  • Hot water tanks around 5 years old (each unit has it's own hot water tank)
  • Annual property taxes are $4,823 per year
  • House sold As-Is. POS report available upon request.
  • 55 page 3rd party inspection report (with photos) available upon request.
  • For information on How Holton-Wise can handle the POS repairs for you take a look at the video below. 👇
The Holton-Wise Renovation Process; A step by step guide.
CLICK HERE TO MAKE AN OFFER, GET MORE INFORMATION, OR TALK WITH JAMES WISE ABOUT THIS OFFERING
CLICK HERE IF YOU WOULD LIKE HOLTON-WISE TO SELL YOUR PROPERTY IN AN EMAIL JUST LIKE THIS ONE
OVER $100 MILLION SOLD
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When you are looking into purchasing rental real estate you probably have many questions about the policies & procedures of Holton-Wise as well as the industry in general. At Holton-Wise we believe in complete transparency throughout the entire investment process.Please take a look at the video below. Holton-Wise includes an informational &/or educational video in every property offering. These videos are a MUST WATCH for both new & seasoned investors. #RealEstateInvestingMadeEasy
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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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Don't forget Holton Wise can handle out of state renovations. In the video below I provide you guys an update on a rental property renovation that Holton-Wise performed for an Out of State Investor. This investor got the turnkey experience without paying the turnkey price.

Renovations like this are key to keeping tenant turnover low which will in turn increase an investor's return on investment. In the video I reference another video that was released prior to this investor closing on the sale of this home. That video can be found by clicking below.

You have questions & professional #RealEstateBroker, #Landlord & #Investor #JamesWise from #HoltonWise has the answers.

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Post your questions in the comments section of this video 👉 https://youtu.be/WiFxO0mfDFA using the hashtag #AskJamesWise & James Wise will make a video answering them.

Topics of interest are as follows

1. Real Estate Sales

2. Real Estate Investing

3. Rental Properties

4. Online Marketing

5. Insurance

6. Personal Finance

7. Social Media

8. Commercial Real Estate Investing

9. Commercial Real Estate Sales

10. Vertical Integration

11. Investing using Other People's Money (OPM)

12. Building a Business from Scratch

13. Politics

14. Interest

15. Debt Management

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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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"Landlording is a savage business. Anyone telling you otherwise is either inexperienced or trying to sell you something."

-James Wise

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