Turnkey Properties
$230,000
Property Overview
- Property Type: 2-FAMILY HOME
- 4 BED
- 2,260 Sqft
- 2 Bath
- 1 Garage
Additional Information
- Cap Rate: 7%
- Current Rent: $2,000
- Cash on Cash Return: 6%
- Current Status: Vacant
- Lease Term: -
- Utilities: Tenant Pays Gas & Electric
Sold
Renovations
Major updates completed:
Full restoration of home after fire damage
City permits and approvals throughout the project
- New vinyl windows
- New electrical throughout the home
   – New 100 amp panels
   – Full rewire of the home
   – New meter bases
   – New grounding, plugs, switches, etc
- New plumbing throughout the home
   – New drain lines
   – New valves
   – New faucets, etc
   – Leading entirely to the basement
- New HVAC
- New furnaces
- New central air conditioning
- New hot water heaters
- New drywall
- New baseboards
- New light fixtures & canned lighting
- New hardware, knobs
- New luxury vinyl plank flooring throughout
- Fully painted interior
- Full remodel of kitchens
    – New cabinets & pulls
    – New granite countertops
    – New stainless steel sinks
    – New dishwashers & appliances
    – New faucets, etc.
- Full remodel of bathrooms
   – New tile shower surrounds
   – New vanities
   – New faucets
   – New toilets
   – New plumbing
   – New shower fixtures
   – New bathroom accessories, exhausts, etc.
- New laundry hookups & faucets
- Smoke & CO detectors installed
- Exterior tuckpointing (masonry)
- Exterior lights
- New house numbers and mailboxes
- Landscaping
- New interior and exterior railings
- Lock changes
Pro Forma
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Property Management
Our property management division, RE/MAX Haven Property Management, manages a portfolio of thousands of properties in the Cleveland & Akron areas. We specialize providing a worry-free property management experience. With over 30 full time employees, we offer dedicated service departments for maintenance, city/utility liaison, tenant support and marketing.Â
Buying Options
Cash and most financing (including DSCR, SDIRA, etc.). Referrals for lenders available upon request.
$1,000 seller credit toward interest rate buy down.
