Not on Mls Wholesale 17 package Portfolio Only 395k (cleveland)
Not on Mls 17 package homes 30 units 80% occupied all in East side of Cleveland,Ohio, majority of the homes are in zip code 44110, 44127.
The current rent for this package is: $11,450/month
Vacant units potential rent is: $3,400/month
Asking Price for the package is $395k OBO which is 25% cap rate.
We will take care of any unpaid taxes and you will get clear titles for all properties !!
All these homes are managed by a property manager and the conditions are very well maintained long term tenants and every one has leases in place.
Expenses Per month:
Property Management @ 10% $1,200
Water Bills for only active units $1,750
Property Taxes for all units including vacant $1,750
Expenses/Maintenance $2,000
Total Expenses $6,700
Gross Monthly Income $8,150
Gross Yearly Income 97800
All Units will be handed over Rent Ready
All Backdated taxes will be paid at the time of escrow
All properties will come with clean title and insurance That is 25% return on investment
package can also be plit in half ! Only Asking $395,000 OBO
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