Not On Mls!! ,Commercial Package Deal Only $100k,Or Buy Individulally,18 Unit building and 3 Retail Stores on Noble Road in East Cleveland for Sale. One store is currently rented for $600/month and the other two will be vacant end of this month. So they will be available for your personal use or you can rent them out from Nov 1st.No repairs needed,Title free and clear. Noble Road, East Cleveland, OH 44112. So the total potential income is: $600 x 3 = $1800/month Expenses: $300/month (Taxes: $50/month + other misc expenses) So Net Income will be: $1500/month ie., $18000/year $5,000 in back taxes owed.city will arrange payment plan. Asking price: $55,000 (35% Cap Rate) You are getting 35% cap rate for a commercial establishment. Add as a Package Deal For Only 100k Cash ! 18 unit Apartment Complex Also For Sale,on Noble Road, East Cleveland,Ohio 44112 . out of state investor who is not able to complete the Rehab Work because of not having a good team onsite. This building has (15) 1 BR units and (3) 2 Br Units. 5 units are rehabbed but the rest of the 13 units still need work. The Building still needs $50k to complete the work. thorough inspection report that was done recently but you can get one done but $50k is the max to bring this building up and running. This building is right opposite to General Electric (GE) Office and renting in this area is a no-brainer. You can get a min of $450 for a single BR unit and $500 for a 2 BR unit. So you are looking at a gross rent potential of $8000/month. You can check all the facts in order to confirm the roi. This Property also has $26k of property tax dues that you can get into a payment plan directly with the county. You can get into a payment plan paying which is a very standard plan everyone can get into. confirmed it with the county so that is not an issue at all. Market Value is $280k $136k investment overall ($60k (as is) + $50k (rehab) + 26k (taxes), potential rent of $8000/month. Or resell Potential profit of over $100k. Asking $60K OBO Can Buy Both as a Package Deal For 100K Cash OBO or Buy Individually ! Cash Buyers Pls Contact Me Mr.Lee (954)-933-8220 LoyalRealtyConsultant@gmail
Posted on: Sat, 11 Oct 2014 02:50:01 +0000
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