Very Large Parma Double. 3bed/1bath per unit! RARE FIND
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Spacious 6-bedroom Duplex ** Over 2,400 sq.ft. ** Excellent opportunity for Investor or Owner-occupant. Up and down units with central-air. Units are identical with Eat-In Kitchen, Living Room, 3 Bedrooms, Full Bath and a Laundry Room. Plenty of storage. Down unit has enclosed porch, Up unit porch is open. Separate utilities; Kitchen Appliances stay. Newer roof on house and 2.5 car garage. Additional paved parking area in back. Furnace, Hot water, & A/C replaced 2-yrs. ago in second floor unit. Unit is currently renting at under-market due to long-time tenants. Don't miss out on this great investment opportunity!!
Assuming 4.5% interest, 30 year mortgage & a 25% down payment.
- Down payment $ 39,975.00
- Up Front costs $ 1000.00
- Estimated Yearly Rents $ 19,800.00
- Estimated Yearly Expenses $9,900.00
- Yearly Debt service $ 7,291.71
- Net cash flow after expenses & debt service $2,608.29
CASH ON CASH RETURN 6.4 %
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Holton-Wise Property Group - Cleveland -
Century 21 Universal - Chicago -
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*Featured properties is listed by the office/agent presenting this brochure