Multi Family Investor wanted 21 unit building in Cleveland, Ohio

[James Wise]

FOR SALE 4708 Pearl Rd.Cleveland, Ohio. 44109$785,000

Video tour along with financial analysis from Holton-Wise Co-Founder James Wise below. MUST WATCH!

HIGHLIGHTS: Asking price WAS$824,900 NOW $785,000 Video tour available in the video above 21 residential units 90% occupancy. 19 units leased. 2 units left vacant for the sale Vacant units are 100% rent ready. No repairs needed Price per unit $39,280 All tenants pay their own electric All units have A/C 1 central boiler New 100 gallon high recovery commercial hot water tank installed in 2018 Building is professionally managed by Holton-Wise The Founders of Holton-Wise James Wise & John Holton have an ownership stake in this building Watch the video above to find out why we are selling Annual property taxes $22,396.12 Built in 1963 22 parking spaces Owner pays water & sewer CLICK HERE to find out how to budget for water & sewer No owner financing No Point of Sale requirement in Cleveland Torch Down Roof 2012 Windows older Over $80,000 of renovations since 2016 (Full scope of work available upon request) Across the street from another one of Holton-Wise's multi million dollar development projects Rent Roll & Unit information Unit 1- 1B/1B - Rented for $600. $575 Security Deposit Unit 2- 2B/1B - Rented for $600. $575 Security Deposit Unit 3- 2B/1B - Rented for $625. $825 Security Deposit Unit 4- 1B/1B - Rented for $675. $650 Security Deposit Unit 5- 1B/1B - Rented for $670. $585 Security Deposit Unit 6- 2B/1B - Rented for $625. $625 Security Deposit Unit 7- 2B/1B - Rented for $675. $675 Security Deposit Unit 8- 2B/1B - Vacant. Market rent $725 w/ upgraded kitchen. $675 As-Is Unit 9- 1B/1B - Rented for $495. $495 Security Deposit Unit 10- 2B/1B - Rented for $685. $850 Security Deposit Unit 11- 2B/1B - Rented for $725. $650 Security Deposit Unit 12- 2B/1B - Rented for $615. $799 Security Deposit Unit 14*- 1B/1B - Rented for $575. $575 Security Deposit Unit 15- 1B/1B - Rented for $525. $650 Security Deposit Unit 16- 1B/1B - Rented for $575. $575 Security Deposit Unit 17- 1B/1B - Rented for $550. $550 Security Deposit Unit 18- 1B/1B - Rented for $585. $585 Security Deposit Unit 19- 1B/1B - Rented for $500. $500 Security Deposit Unit 20- 1B/1B - Rented for $575. $550 Security Deposit Unit 21- 1B/1B - Rented for $550. $550 Security Deposit Unit 22- 1B/1B - Vacant. Market rent $675 w/ upgraded kitchen. $565 As-Is Monthly Gross Rent Total - $12,825 Annual Gross Rent Total - $153,900 Room for slight rental increases still available 13 1 beds rented at max rent of $675 -$8,775 9 2 beds rented at max rent of $725 - $6,525 Max Monthly Gross Rent Total - $15,300 Max Annual Gross Rent Total - $183,600 *Apartment buildings typically do not include a unit 13 due to common superstitions

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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EVEN MORE DEALS HERE!

Outside of the daily offerings (like this one) that you receive from me here on the Holton-Wise daily email list there are tons of properties available for sale on the MLS or FSBO.Many investors have found that most other Real Estate Agents don't really understand the wants and needs of a Real Estate Investor, especially an out of state Real Estate Investor and these Real Estate Agents often leave out important information that investors (like you) you are going to need to make an informed investment decision.As such an additional service that I offer is a complete personalized video tour and investment analysis of any Cleveland area property that you are interested in buying. Whether you found it listed on the MLS, Zillow, Trulia, through a wholesaler or even FSBO I can help!

CLICK HERE IF YOU WOULD LIKE JAMES WISE TO MAKE A PERSONALIZED VIDEO OF A PROPERTY YOU FOUND ON THE MLS

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.