| Video tour along with financial analysis from Holton-Wise Co-Founder James Wise below. MUST WATCH! |
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HIGHLIGHTS:- NEW ASKING PRICE $574,900
- CASH OFFERS ONLY
- Video tour available in the video above
- 37 residential units
- 2 buildings
- Hodge School (35 units)
- Duplex (aka ANNEX) (2 units)
- 70% occupied
- Price per unit $15,648
- All tenants pay their own heat
- 37 separate furnaces (Approx 8 are 2016 or newer)
- All tenants pay their own electric
- 37 Hot Water Tanks 30-40 Gallons (Approx 8 2016 or newer)
- Annual property taxes $18,277
- Owner pays water & sewer
- No owner financing - CASH OFFERS ONLY
- No Point of Sale requirement in Cleveland
- Roof older. Last known repairs were done 2014
- Windows older
- Over $80,000 of renovations since 2016 (Full scope of work available upon request)
- Contractor owned property
- Contractor willing to handle repairs on the remaining vacant units
- Itemized bid to rehab all vacant units from contractor/owner available upon request
Rent Roll & Unit information- Garden floor
- Unit 1- Vacant
- Unit 2- Vacant
- Unit 3- Vacant
- Unit 4- Vacant
- Unit 5- $450/mo
- Unit 6- Vacant
- Unit 7- $450/mo
- Unit 8- Vacant
- Unit 9- Vacant
- Unit 10- Vacant
- 1st floor
- Unit 101- $500/mo
- Unit 102- $500/mo
- Unit 103- $300/mo
- Unit 104- $500/mo
- Unit 105- $425/mo
- Unit 106- $425/mo
- Unit 107- $500/mo
- Unit 108- $500/mo
- Unit 110- Vacant
- Unit 111- Vacant
- Unit 112- $475/mo
- Unit 113- $415/mo
- 2nd floor
- Unit 201- Vacant
- Unit 202- $500/mo
- Unit 203- $500/mo
- Unit 204- $415/mo
- Unit 205- $500/mo
- Unit 206- $500/mo
- Unit 207- $425/mo
- Unit 208- $415/mo
- Unit 209- $415/mo
- Unit 210- $450/mo
- Unit 211- $425/mo
- Unit 212- $415/mo
- Unit 213- $415/mo
- Duplex (aka ANNEX)
- Unit 101A- $750/mo
- Unit 101B- $750/mo
Current Monthly Rent Total- $13,215- 8 Vacant garden floor units
- Market rent for the garden floor units is $450/unit
- 2 Vacant 1st floor units
- Market rent for the 1st floor units is $500/mo
- 1 Vacant 2nd floor unit
- Market rent for the 2nd floor unit is $500/mo
Vacant Unit Market Rent Total- $5,100/mo Monthly Gross Rent Total- $18,315 Annual Gross Rent Total- $219,780 |
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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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Have Real Estate Questions? I've got 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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Helpful Resources;
How to Calculate the Income & Expenses on A REAL INVESTMENT PROPERTY <---Over 30,000 views!
James Wise interviewed by Realtor.com when Cleveland was named the best metro for Real Estate Investing
The Ultimate Guide to Grading Cleveland Neighborhoods
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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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