Price Reduced For Fast Sale!! Not On Mls Wholesale 18 unit Apartment Complex,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 Cash Buyers Pls Contact Me Mr.Lee (954)-933-8220 LoyalRealtyConsultant@gmail
Posted on: Sat, 04 Oct 2014 02:53:18 +0000
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